Long-Term Lease Extension: The tenant recently extended their lease for an additional five years, bringing the remaining term to eight years |
Attractive Annual Rent Increases: The lease includes a 3% annual rent escalation, enhancing investment returns |
Established Tenant: iHeartRadio has successfully operated at this location for over 15 years |
Competitive Pricing: The property is priced significantly below replacement cost at $135 PSF |
Below Market Rent: Current rent is $14.19 PSF, well below the market rate of $20 PSF |
Strategic Market: Columbus is the third-largest city in Georgia and a vital economic hub, home to Ft. Moore, America’s 3rd largest Military base in US |