1520 Georgesville Rd - Restaurant FOR SALE


Columbus, OH 43228- Southwest Airport
$4,123,029 USD
918-527-3646
1520 Georgesville Rd, Columbus, OH for Sale
$4,123,029 USD
Restaurant - FOR SALE
1/3
null | 7% Cap Rate

1520 Georgesville Rd
Columbus, OH 43228
Southwest Airport


HIGHLIGHTS

  • Long-term, Absolute Triple-Net (NNN) Lease
  • Healthy and Stable Demographics
  • High-Traffic Corridor with Exceptional Visibility & Access
  • Healthy Retail Market

OVERVIEW

Surmount is pleased to present the exclusive listing for a Red Lobster located at 1520 Georgesville Road, Columbus, OH 43228. The site consists of roughly 8,371 rentable square feet of building space on an oversized 1.95-acre parcel of land. This red lobster is subject to an original 25-year Absolute NNN lease with +14 years remaining in the base term, which commenced 8/1/2024. The current annual rent is $288,612 and has scheduled increases of 2.00% annually.

FOR SALE DETAILS

PRICE

$4,123,029 USD

PRICE/SF

$493 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Red Lobster

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.95 AC

LAND SF

84,942 SF

ZONING

Restaurant/Bar

APN/PARCEL ID

570-259794

ASK ABOUT THIS PROPERTY

Rocco DriscollSurmountMore Info
918-527-3646

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Rocco DriscollSurmountMore Info
918-527-3646

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