711 & 975 Creekview Drive — Sale in Columbus, IN
- Price: Contact for price
- Listing type: For sale
- Asset type: Retail Business
- Location: Columbus, IN 47201
Photos
Investment Figures
- Cap rate
- 6.70%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
Marcus & Millichap is pleased to offer for sale a two-tenant, net-leased retail portfolio located at 711 and 975 Creekview Drive in Columbus, Indiana (the “Portfolio”, “Assets” or the “Properties”). The Portfolio consists of a Kohl's and a newly constructed Olive Garden outparcel with a ±8.2 year WALT. Investment Highlights: • Two national tenants generating $557,175 in NOI with 100% occupancy and an 8.2-year rent-weighted average lease term • Kohl's has occupied since 2003 and extended its lease in 2023, underscoring long-term commitment and strong store performance; the location was further enhanced with a Sephora addition in 2024 • Olive Garden completed a ground-up build-to-suit in 2025, reflecting Darden's long-term commitment to the trade area and confidence in the corridor's retail fundamentals • Kohl's lease is structured triple-net, with the Tenant paying all real estate taxes, insurance, utilities, parking lot maintenance and interior maintenance. Landlord responsibilities are limited to roof, exterior walls and structure • Olive Garden is a ground lease with no landlord repair, maintenance or capital obligations for the improvements
Market Context
This retail in Columbus, IN is listed for sale. It is offered at an approximate 6.7% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Columbus, IN — view the full market.
Contact
- Peter Bauman · (602) 687-6685 · pbauman@ipausa.com
- Tivon Moffitt · (602) 687-6688 · tmoffitt@ipausa.com
- Julia Evinger · (317) 218-5300
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