Long Historical Tenancy | Recently Renewed
Alliance Data Systems is an S&P 500 company and reported $7.79 billion in revenue in 2018. A tenant of Office City for over 20 years, Alliance Data recently extended their lease term for an additional 10 years.
This lease features a corporate guaranty from Alliance Data Systems Corporation, an S&P 500 company with 52.38M shares outstanding and a market cap of $7.64B.
Located in Opportunity Zone
Alliance Data is located in an Opportunity Zone, which provides investors certain tax advantages.
Expansive Area Growth
The Whitehall area, which benefits from its close proximity to both the Columbus International Airport and downtown Columbus, is seeing an increase in development growth. At the southwest corner of Broad Street and Hamilton Road, and directly across the street from Alliance Data, plans are underway for Norton Crossing, a $50 million mixed-use development project. The proposed project will include retail, residential, office and restaurant components.
Potential Upside From Below Market Rent
The below market rent per square foot provides buyer with future upside potential.
The property is located just 12 minutes from downtown Columbus, 7 minutes from Port Columbus International Airport and 3 minutes from I-270, the beltway that serves the Columbus MSA.
High Traffic Counts with Prominent Frontage on Broad Street
The property boasts prime frontage on East Broad Street, one of the main commercial thoroughfares in the Columbus market.
East Broad St. - 25,000 ADT
James Rd. - 28,000 ADT
Hamilton Rd. - 20,000
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