Enterprise Rent-A-Car

About this property

Enterprise Rent-A-Car has successfully operated from this location since 2005, demonstrating a long-term commitment to the Columbus market. The property consists of a 1,500± square foot freestanding building situated on a 0.64± acre site along one of Columbus' primary commercial corridors. Investors benefit from a long-term corporate tenant and a current rental rate of approximately $11.18 per square foot, which is well below prevailing market rents for comparable freestanding commercial properties. The lease provides for 2.5% annual rent increases, creating predictable income growth throughout the remaining term and option periods. Enterprise has renewal options that could extend occupancy through March 2037, providing the potential for continued long-term cash flow. In addition to stable income and contractual rent growth, the property's strong underlying real estate fundamentals may provide meaningful long-term value and future redevelopment potential.

Highlights

• Corporate Tenant - Enterprise Rent-A-Car
• Long-term Operator from this location since 2005
• Current rent well below market
• 2.5% annual rent escalations
• Potential Occupancy through 2037
• Strong Residual Land Value Potential

Building details

Building size

1,500 SF

Tenancy

Single

Zoning

General Commercial

Year built

1976

Lot size

0.64 acres

Property type

Retail

Location