1701 Rollins Way 7,760 SF 55% Leased Retail Building Columbus, GA 31904 $3,155,816 CAD ($406.68 CAD/SF) 7.10% Cap Rate
INVESTMENT HIGHLIGHTS
- HoneyBaked Ham has operated at this location since the property’s development in 2000—a testament to the site's strength and long-term viability.
- Offering an impressive 7.10% pro forma capitalization rate, making this an ideal opportunity for both seasoned and new investors.
- The tenant recently renewed their commitment, locking in a fresh 10-year lease, ensuring stable, long-term cash flow.
- This property boasts little to no deferred maintenance—meticulously maintained and ready to go.
EXECUTIVE SUMMARY
Presenting an opportunity to acquire a premier net-leased retail property located at 1701 Rollins Way in Columbus, GA. This well-maintained asset is home to HoneyBaked Ham, a nationally recognized tenant that has operated at this location since the property was developed in 2000. Demonstrating long-term stability and commitment, HoneyBaked Ham recently signed a brand-new 10-year lease, offering investors secure and predictable income for the foreseeable future. The asset offers an attractive 7.10% pro forma capitalization rate and requires little to no deferred maintenance, making it a truly turnkey investment. Strategically positioned in one of the most desirable and high-traffic areas of Columbus, this site benefits from strong surrounding demographics and excellent visibility. With a history of successful operation and a trusted tenant in place, this property represents an exceptional investment opportunity in a thriving market.
DATA ROOM Click Here to Access
- Operating and Financials
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
7,760 SF
Building Class
B
Year Built/Renovated
2000/2024
Price
$3,155,816 CAD
Price Per SF
$406.68 CAD
Cap Rate
7.10%
NOI
$224,214 CAD
Percent Leased
55%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
1.00 AC
Zoning
GC General Commercial
Parking
58 Spaces (8 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Pylon Sign
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
- 2,595 SF
- $44.35 CAD
- Net
- Dec 2033
In 1957, when Harry J. Hoenselaar opened the first HoneyBaked store in Detroit, Michigan, like most great companies, he did so because he believed in an idea. An idea that produced what is regarded today as the world's best ham. Using the highest quality bone-in smoked ham, Harry created a special curing and cooking procedure, bringing out a one-of-a-kind taste that can only be described as perfection. With its sweet, crunchy glaze enhancing the flavor of the bone-in gourmet ham, Harry's patented spiral-slicing process made Honey Baked Ham the easy-to-serve centerpiece, becoming an instant staple at holiday dinners, Easter celebrations, and meaningful meals shared and savored by family and friends.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | 2,595 SF | $44.35 CAD | Net | Dec 2033 |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
- 200
- 1,750 SF
- Retail
- -
- Now
- 400
- 1,750 SF
- Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 200 | 1,750 SF | Retail | - | Now |
| 400 | 1,750 SF | Retail | - | Now |
200
| Size |
| 1,750 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
400
| Size |
| 1,750 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
3,250
50,349
123,253
205,638
2029 Population
3,163
49,351
121,444
203,560
2024-2029 Projected Population Growth
-2.7%
-2.0%
-1.5%
-1.0%
Median Age
37.6
37.5
37.0
37.2
College Degree + Higher
39%
32%
30%
16%
Daytime Employees
10,344
44,483
80,591
106,553
Total Businesses
1,047
4,095
7,943
10,995
Average Household Income
$95,587
$83,752
$79,601
$71,651
Median Household Income
$75,590
$64,849
$58,135
$50,852
Total Consumer Spending
$42.6M
$586.9M
$1.4B
$2.2B
2024 Households
1,364
20,391
51,088
84,638
Average Home Value
$229,105
$231,776
$241,000
$226,167
$ values in USD
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 189-001-030 | Improvements Assessment | $723,250 CAD |
| Land Assessment | $338,562 CAD | Total Assessment | $1,061,812 CAD |
