New Albany Market

5477 - 5497 New Albany Rd, New Albany, OH 43054

Property Information

  • For Sale Subject To Offer
  • Property Type Retail - Strip
  • Property Size 33,325 SF
  • Building Class B
  • Date Updated Jun 23, 2026

Description

New Albany Market occupies the signalized intersection at W New Albany Road with direct frontage on 35,000 vehicles per day at the convergence of W New Albany Road and SR-161 (60,000 VPD), with freeway-grade regional access connecting directly to I-270. The property features three points of ingress/egress across 6.55 acres with 285 parking spaces, shadow-anchored by Market District Plaza — generating nearly 2M annual visitors driven by Giant Eagle, McDonald's, Starbucks, and Chase Bank — with additional grocery anchor support from Kroger Center 0.5 miles south, producing a combined anchor draw of nearly 4M annual visits within immediate proximity. New Albany serves as global headquarters for Abercrombie & Fitch, Lane Bryant, Victoria's Secret, and Bob Evans Restaurants, and has attracted more than $47B in private investment from Intel, Google, Amazon, Meta, and Pharmavite — underpinning one of the highest household incomes of any submarket in the Columbus MSA.Passov Group is pleased to present the opportunity to purchase New Albany Market — a 33,325-square-foot, 100% occupied Core-Plus Grocery Shadow-Anchored Neighborhood Strip Center comprising 12 tenants on NNN leases, anchored by Panera Bread and Roosters Wings alongside a diversified mix of personal care, fitness, dining, and daily-needs service tenants (delivered 2014). The offering represents a rare opportunity to acquire a fully leased asset with meaningful embedded rent upside within one of Central Ohio's most affluent and supply-constrained suburban submarkets.

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