4045 Parkmead Dr

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4045 Parkmead Dr

grove-city, OH 43123
Asking Price
$6.33M
Asset Type
Retail
Class
Class B

What's Special

4045 Parkmead Drive is situated in Grove City, Ohio, within a well-established commercial corridor south of Columbus. The property is positioned near the intersection of Stringtown Road and Interstate 71, providing direct regional highway access and high visibility. The surrounding neighborhood is characterized by a dense concentration of national retailers, grocery stores, and dining establishments, drawing consistent consumer traffic from the local residential population. Public transit via COTA bus stops is available along major nearby thoroughfares, supporting accessibility for both customers and employees. The building's layout and strategic location make it suitable for a variety of retail applications, including storefront boutiques, specialty service providers, or convenience-oriented businesses. Ideal tenants typically include local or regional retailers seeking proximity to high-traffic anchors and professional service firms requiring an accessible suburban location. The neighborhood's demographics and existing commercial synergy support diverse tenant profiles ranging from healthcare clinics and fitness studios to small-scale showrooms and dry goods retailers.

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NOI
$80,000
Cap Rate
1.26%
DSCR
0.21
Underwater
Cash-on-Cash
-15.58%
Monthly Payment
$31,317.386
Annual Cash Flow
$-295,808.635

Location & Travel Times