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 dense commercial corridor in Grove City, Ohio, just south of the intersection of Buckeye Parkway and Stringtown Road. The property is positioned within a high-traffic retail hub characterized by national big-box anchors, diverse dining options, and professional service centers. It offers regional accessibility via Interstate 71, which is located less than one mile to the east. The surrounding neighborhood features a blend of established residential subdivisions and active commercial developments, ensuring consistent local and commuter visibility. The asset is well-suited for a variety of retail applications, including specialized showrooms, boutique storefronts, or consumer service providers. Given the proximity to major shopping centers and high-density housing, the location is ideal for tenants seeking to capitalize on steady suburban foot traffic and strong daytime populations. Typical occupancy profiles for this submarket include national franchise operators, medical office users, and local retailers looking for a presence in a primary growth corridor of the Columbus metropolitan area.

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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

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