10600 Sawmill Pky - Fast Food FOR SALE


Powell, OH 43065
$1,760,000 USD
602-687-6766
10600 Sawmill Pky, Powell, OH for Sale
$1,760,000 USD
Fast Food - FOR SALE
1/6
null | 4.5% Cap Rate

10600 Sawmill Pky
Powell, OH 43065


HIGHLIGHTS

  • Rare Low Price Point Absolute Triple-Net (NNN) Ground Lease - Outparcel to Target
  • Large 67-Unit Taco Bell Franchisee
  • Affluent Demographics in Columbus, Ohio and Strong Growth Market - Average Household Income Exceeds $184,000 within a One-Mile Radius
  • 10 Percent Rental Increases Every Five Years
  • 171,730 Residents within a Five-Mile Radius in Growing Trade Area
  • Located Five Minutes from the Columbus Zoo & Aquarium, Attracting Over Two Million Visitors Annually

OVERVIEW

Taco Bell Corp., a subsidiary of Yum! Brands, Inc., (NYSE: YUM), is the nation’s leading Mexican-inspired quick serve restaurant (QSR). Taco Bell and its more than 350 restaurant franchise organizations have over 7,000 restaurants worldwide. Powell is a city in Delaware County, Ohio located approximately 14 miles north of Columbus. Home to over 13,000 residents with a median household income of $157,149, Powell is within one of the wealthiest counties in the United States. Powell was recognized as one of the Best Places to Live in the United States by Money Magazine, and was named the Best Suburb in the United States by Business Insider.

FOR SALE DETAILS

PRICE

$1,760,000 USD

PRICE/SF

$813 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Taco Bell Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

46

LAND DETAILS

LAND ACRES

0.78 AC

LAND SF

33,977 SF

ZONING

C

APN/PARCEL ID

319-344-05-010-011

ASK ABOUT THIS PROPERTY

Mark RubleMarcus & MillichapMore Info
602-687-6766

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Mark RubleMarcus & MillichapMore Info
602-687-6766

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.