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 a prominent commercial corridor in Grove City, Ohio, just south of the intense Stringtown Road retail hub. The property benefits from its proximity to major national retailers, medical centers, and established residential neighborhoods. Transportation access is convenient, with a location positioned less than one mile from the Interstate 71 interchange, providing direct connectivity to the greater Columbus metropolitan area. The surrounding area is characterized by a high volume of daily vehicular traffic and a mix of professional services and retail storefronts. This retail asset is well-suited for businesses seeking visibility within a stable suburban market. Ideal use cases include boutique retail, specialized showrooms, or service-oriented businesses such as hair salons, fitness studios, and insurance agencies. The typical tenant profile consists of regional franchises or local entrepreneurs who require a functional floor plan and accessible parking to serve the local Grove City community. Its location near several high-density housing developments offers a consistent nearby customer base for daily-needs retail providers.

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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