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  1. Commercial Spaces
  2. OH
  3. Delaware

Penny Way Pad

For Lease 41,817 SF

40 Coughlin Ln, Delaware, OH 43015

Positioned within the rapidly expanding Coughlin’s Crossing mixed-use development, this pad-ready site offers a prime retail opportunity in one of Delaware’s fastest growing commercial corridors. Located just east of U.S. Route 23, the property benefits from exceptional visibility and convenient access via multiple signalized intersections, providing strong exposure to daily commuter and regional traffic. The surrounding development spans approximately 80 acres of mixed-use space, incorporating retail, residential, multifamily housing, office uses, and pedestrian-friendly amenities such as bike paths and green space, creating a built-in customer base and sustained daytime activity. Nearby tenants and businesses along Coughlin Lane include national and service-oriented retailers, dining options, and neighborhood conveniences, drawing consistent traffic from both local residents and commuters traveling along the U.S. 23 corridor.Located within the thriving Delaware MSA retail corridor, this pad-ready opportunity sits in the heart of one of Central Ohio’s fastest-growing trade areas. Positioned within the dynamic Coughlin’s Crossing development, the site benefits from a built-in customer base driven by a thoughtfully planned mix of retail, residential, office, and recreational uses across approximately 80 acres. Just east of U.S. Route 23, the property offers exceptional visibility and convenient access via multiple signalized intersections, capturing strong daily commuter and regional traffic connecting Delaware, Powell, and the greater North Columbus trade area. The surrounding corridor is anchored by a growing mix of national retailers, dining destinations, and service providers that generate consistent foot traffic throughout the day. The area is supported by strong and expanding demographics, with population within a five-mile radius projected to grow by more than 15% from 2024 to 2029 and median household incomes approaching $93,800—making this an ideal location for retailers and service users seeking long-term growth in a high-demand suburban market.

Key features

  • Convenient access to major regional routes connecting Delaware, Powell, and the North Columbus trade area
  • High-growth trade area: population within 5 miles projected to grow 15%+ from 20242029
  • Median household income near $93,800 within 5 miles
  • Positioned in the Delaware MSA retail corridor

Rental Details

  • Number of spaces 1
  • Total square feet available 41,817 SF
  • For Lease Price on request
  • Space Type VacantLand
  • Lease Type NNN
  • Latest Update Sep 16, 2026
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1 Space Available

Space Name Space Type Lease Rate Total Space Floor Lease Type Expand
Penny Way Pad VacantLand Price on request 41,817 SF - NNN

Penny Way Pad

Space Type

VacantLand

Lease Rate

Price on request

Additional Rent

Price on request

Total Space Available

41,817 SF

Divisible Space

0.96 - 0.96 SF

Available Date

Immediate

Lease Type

NNN

Renewal Option

Yes

Sublease

No

Lease type: NNN/Gross/MG - Ask Broker.

Penny Way Pad

Space Type
VacantLand
Lease Rate
Price on request
Total Space
41,817 SF
Lease Type
NNN
Space Type

VacantLand

Lease Rate

Price on request

Additional Rent

Price on request

Total Space Available

41,817 SF

Divisible Space

0.96 - 0.96 SF

Available Date

Immediate

Lease Type

NNN

Renewal Option

Yes

Sublease

No

Lease type: NNN/Gross/MG - Ask Broker.

Contacts

broker
PJ Williams

Passov Real Estate Group

Building Details

  • For Lease Price on request
  • Property Type VacantLand
  • Lot Size 0.96 Acre
  • Additional Rent Price on request
  • Date Updated Sep 16, 2026

Location

  • City Delaware, OH
  • Zip Code 43015
  • Market Columbus
  • Map
  • Street
  • Walk score 44/100 Car-Dependent
  • Bike score 26/100 Somewhat Bikeable
Powered by Walk Score ®

Points of Interest

Speedway

1.72 miles

Shell

1.75 miles

Meijer Gas Station

2.68 miles

Kroger

3.90 miles

Marathon

4.37 miles

Sheetz

6.76 miles

Tesla Supercharger

9.58 miles

Meeks Aquatic Center

1.84 miles

Science Center Parking

2.02 miles

Edwards Gymnasium Parking

2.05 miles

Selby Stadium Parking

2.06 miles

Saint Mary's Church Parking

2.22 miles

Delaware Chamber of Commerce Parking

2.31 miles

Truck Parking

7.17 miles

West Dam Parking Lot

7.57 miles

Hertz

0.53 miles

Touchless Express

1.88 miles

Blue Sky Car Wash

4.87 miles

Car Wash USA

7.93 miles

GetGo Car Wash

7.93 miles

Blue Sky

8.69 miles

Speedway Car Wash

8.73 miles

Goo Goo Car Wash

9.49 miles

Moo Moo Car Wash

9.75 miles

Wendy's

0.12 miles

Romeo's Pizza

0.19 miles

Dragon House

0.22 miles

Chipotle

0.22 miles

Bob Evans

0.44 miles

Taco Bell

0.53 miles

Subway

0.54 miles

Taqueria Caramba! Mexican Food

0.56 miles

Asahi Japanese Restaurant

0.56 miles

McDonald's

1.68 miles

Kroger

0.17 miles

Walmart

0.29 miles

Delaware Square

0.56 miles

Kohl's

2.45 miles

Meijer

2.56 miles

ALDI

2.66 miles

Buehlers

3.33 miles

Big Lots

4.41 miles

Kroger Marketplace

4.84 miles

Mutts & Co.

4.84 miles

Walmart Pharmacy

0.27 miles

State Highway Patrol

0.42 miles

Walgreens

1.67 miles

Delaware City Fire Station 302

1.73 miles

Delaware Health Clinic

2.37 miles

Delaware County Police Department

2.44 miles

Delaware County Sheriff's Office Administration Building

2.61 miles

Grady Memorial Hospital

2.95 miles

CVS Pharmacy

3.65 miles

Kroger Pharmacy

3.92 miles

Contact PJ Williams
broker
PJ Williams

Passov Real Estate Group

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