IHeart Radio

Excellent Single-Tenant Investment Opportunity 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 $143 PSF Below Market Rent: Current rent is $14.19 PSF, well below the market rate of $20 PSF Prime Location in the Southeast 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 the USA Major Employers: The area is home to some of the region’s largest employers, including: Fort Moore Military Base (45,320 employees) Piedmont Health (3,080 employees) Kia Motors (2,700 employees) Anthem Blue Cross (1,650 employees) Low Office Vacancy: The office vacancy rate is approximately 5%, significantly lower than the national average Ongoing Developments: Golden Park Expansion: A $50 million multi-use development featuring retail, multifamily, hotels, and office located just 2.8 miles from the property. Pratt & Whitney Aerospace Expansion: A $206 million expansion, expected to create 400 new jobs.