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Floor & Décor and Arhaus Furniture

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LTV (Loan to Value) 0.00% Current NOI
Interest Rate 0.000% Cap Rate 0.000%
Fixed Term 5.5 Years Years Land Area
Amortization Years Lease Type
Loan Amount Property Type
Payment Property Lease
Building Size Remaining Terms

Location Description

The City of Hilliard is located in Franklin County, Ohio. The population was 28,435 at the 2010 census with a census estimate of 30,564 in 2012. It is a large, affluent suburb of Columbus and is part of Norwich Township. Hilliard is located approximately 12 miles northwest of downtown Columbus and has a total area of 13.34 square miles. The Property is located in the heart of the retail trade area within the Mill Run mixed-use development. Mill Run is located in Hilliard and Northwest Columbus on Interstate-270 in the center of three vibrant communities (Hilliard, Dublin and Upper Arlington). Mill Run is comprised of 350 acres and includes residential, commercial and civic uses, among others.

Highlights

High Residual Value Real Estate – The Property’s underlying real estate retains a high residual value given its location, trade area and property type Located in the Heart of the Mill Run Retail Trade Area of Northwest Columbus – Mill Run is a booming, destination retail trade area with tenants Lowe’s, Target, The Home Depot, Kroger, Walmart, Sears, Macy’s, and JCPenney, among many othersHigh Visibility & Accessibility - Located along Park Mill Run Drive, the Property is adjacent to the Interstate-270 (121K+ VPD)Below Market Rental Rates – The Property features below market rents for both Floor & Décor and Arhaus FurnitureStrong Private Tenants – Floor & Décor and Arhaus Furniture are leading, private retailers in the flooring and furniture spaces, with growing market sharesPremier Demographics – Population of approximately 175K and average household income of approximately $73K within 5 miles

NNN Loans Funding

Triple-Net Lease Financing arranged by NNNLenders. Offering Triple Net NNN Property Loans.