A freestanding retail building at Easton Town Center that houses Frontgate and Ballard Designs is officially up for grabs, with an asking price hovering around $11.2 million. The building is being marketed as a two-tenant investment on a hard corner inside the Easton complex, drawing interest from investors hunting for stable, long-term net leases in a high-traffic suburban setting.
According to Columbus Business First, the property at 3883 Gramercy St was listed this month with an asking price near $11.2 million. The report notes the building is home to Frontgate and Ballard Designs and is being pitched to both institutional and private investors.
Property details
Offering materials on commercial-broker site Crexi peg the building at about 28,400 square feet and show an asking price of $11,172,000. The leases for both tenants are co-terminus through Aug. 31, 2033, with 3% annual rent bumps. The offering memorandum cites a roughly mid-six-figure net operating income and a 7.5% cap rate, positioning the asset as a yield-focused play for buyers seeking steady income.
Easton's draw
Easton Town Center bills itself as a regional destination with more than 30 million visitors a year and a wide mix of national and luxury retailers, according to the Easton Town Center website. Brokers marketing the Gramercy Street building say that visibility, combined with the center’s entertainment and dining lineup, helps a freestanding home-decor location stand out to investors.
Recent permits and updates
City permit records show construction activity on the Gramercy Street parcel in 2023, including replacement rooftop units and sprinkler-system upgrades tied to tenant fit-outs, according to Franklin County Auditor property records. Brokers are pointing to those capital improvements as part of their case for the current asking price.
Market signal and next steps
One brokerage posting lists a slightly different figure and marks the offering as “accepted offer,” a note that could hint at early buyer interest; that listing appears on brokerage site Patton Wiles Fuller. If the deal moves to closing, it will serve as a real-time test of investor appetite for stabilized, co-tenanted retail inside a top regional lifestyle center.
For now, the Easton listing offers a snapshot of how investors are valuing stabilized suburban retail with experience-driven foot traffic. Any confirmed sale or ownership change is likely to surface first through public-record filings and updated brokerage notices.
