1790 Hilliard Rome Rd - Fast Food FOR SALE


Hilliard, OH 43026- Hilliard Green
$3,500,000 USD
310-691-1350
1790 Hilliard Rome Rd, Hilliard, OH for Sale
$3,500,000 USD
Fast Food - FOR SALE
1/9
null | 5.35% Cap Rate

1790 Hilliard Rome Rd
Hilliard, OH 43026
Hilliard Green


HIGHLIGHTS

  • New 15-Year Corporate Lease with CAVA (NYSE: CAVA) | $9 Billion Market Cap
  • Newly Renovated Property | CAVA opened its doors in April 2026, following a complete renovation of the property from a prior QSR operator
  • Rapidly Expanding Tenant | CAVA expanded to 439 locations in 2025 after opening 72 new stores, with plans to exceed 1,000 locations by 2032
  • Outparcel to Target-Anchored Center | ~1.2M+ Annual Visits (Placer.ai)
  • Hilliard, Ohio: One of the Fastest-Growing Submarkets in the Midwest | 30% Population Growth Since 2010
  • Direct Access to Interstate 70 | Providing Connectivity to Greater Columbus

OVERVIEW

Pegasus Investments Real Estate Advisory Inc., in conjunction with ParaSell, Inc., as exclusive advisors to Seller, are pleased to present the fee simple interest in a CAVA drive-thru located in Columbus (Hilliard), Ohio (the “Property”). Originally a drive-thru QSR site, the Property was extensively remodeled for CAVA in 2026. The 2,882-square-foot building sits on a full acre and is leased directly to CAVA Mezze Grill, LLC, a wholly owned corporate entity of CAVA Group, Inc. (NYSE: CAVA), on a brand-new 15-year net lease. Backed by one of the most compelling growth companies in the restaurant industry, the Property is situated in a submarket that has consistently outperformed the broader Midwest for over a decade. Positioned as an outparcel to a Target that generates over 1.2 million visits annually (per Placer.ai), the site also sits within a half mile of one of the strongest big-box concentrations in the Columbus metro including Sam’s Club, Meijer, Walmart Supercenter, Kohl’s, and Burlington. Further the QSR lineup along the corridor features a best in class line-up of national credit operators, including Chick-fil-A, Chipotle, Starbucks, McDonalds, Panda Express, Texas Roadhouse, and Outback Steakhouse. With virtually no remaining pad sites available along Hilliard Rome Road, opportunities of this caliber rarely come to market. Hilliard has experienced exceptional demographic growth, with population increasing more than 30% since 2010 and projected to expand an additional 50% through 2050. The property benefits from a dense and affluent consumer base, with more than 189,000 residents within a five-mile radius and average household incomes approaching $100,000 within both the three- and five-mile trade areas. As part of the fastest-growing metropolitan area in the Midwest, Hilliard stands out as one of the strongest-performing submarkets within the greater Columbus MSA. The Property fronts Hilliard Rome Road, a primary north-south corridor carrying approximately 23,000 vehicles per day with direct access to Interstate 70, the 5th largest highway system in the country and the main artery connecting Hilliard to Downtown Columbus. Positioned at the midpoint between I-70 and Roberts Road, the site draws from multiple directions and serves both the daily commuter and a dense, growing residential base with equal convenience. Structured as a NN (Roof/Structure) corporate lease, the lease features 10% increases to base rent every 5 years through the base term and all three option periods. Notably, if the landlord elects to replace the roof, maintenance obligations then transfer to the tenant going forward, creating a clear and achievable path to a virtually “hands off” triple net (NNN) lease structure. The offering is further strengthened by the continued momentum of CAVA, which generated $1.18 billion in fiscal 2025 revenue, representing 23% year-over-year growth. The brand currently operates 439 locations across 26 states and has outlined a long-term growth strategy targeting 1,000 locations by 2032. Notably, CAVA is a publicly traded company (NYSE: CAVA) with a market cap exceeding $9 Billion, the 6th largest publicly traded QSR by market cap.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$1,214 USD /SF

CAP RATE

5.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CAVA | 15-Year Corporate Lease | Columbus MSA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

57

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

LC4-H-35

APN/PARCEL ID

560-249893

ASK ABOUT THIS PROPERTY

David ChasinPegasus InvestmentsMore Info
310-691-1350

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David ChasinPegasus InvestmentsMore Info
310-691-1350

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