1100 Cleveland Ave - Fast Food FOR SALE


Columbus, OH 43201- Milo-Grogan
$625,000 USD
201-215-1802
1100 Cleveland Ave, Columbus, OH for Sale
$625,000 USD
Fast Food - FOR SALE
1/4
null | 6.72% Cap Rate

1100 Cleveland Ave
Columbus, OH 43201
Milo-Grogan


HIGHLIGHTS

  • Brand-New Lease
  • Attractive Rent Increases
  • Triple Net Lease
  • Significant Tenant Investments
  • Dynamic Tenant
  • High Traffic Counts

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a single tenant Happy’s Pizza investment property located at 1100 Cleveland Avenue in Columbus, Ohio (“the Property”). Happy’s Pizza is operating under a brand-new, 10-year Triple Net (NNN) Lease that commenced in March 2025 and has over 9 years of term remaining. The Tenant has made significant investments in renovations for this location and the restaurant is schedule to open in summer 2025. The lease calls for attractive 3% annual rent increases throughout the term of the lease. The Property is well located along Cleveland Avenue, a major commercial and commuter corridor in Columbus. The surrounding area features a strong mix of national retailers, service providers, and dining options, supporting consistent consumer traffic. The Property benefits from excellent frontage and visibility along Cleveland Avenue, with direct access to Interstate 670 less than a mile south, offering exceptional connectivity to downtown Columbus. The site is less than three miles from The Ohio State University, one of the largest universities in the nation with a total enrollment exceeding 60,000 students, and approximately two miles from Easton Town Center, a premier shopping and entertainment destination boasting over 1.7 million square feet of retail space.

FOR SALE DETAILS

PRICE

$625,000 USD

PRICE/SF

$376 USD /SF

CAP RATE

6.72%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Happy's Pizza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

-

APN/PARCEL ID

010-132066

ASK ABOUT THIS PROPERTY

Steven SchiavelloHorvath & TremblayMore Info
201-215-1802

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Steven SchiavelloHorvath & TremblayMore Info
201-215-1802

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