24599 Us Highway 23 S - Fast Food FOR SALE
Circleville, OH 43113 |
$704,000 USD
843-510-0551
24599 Us Highway 23 S
Circleville, OH 43113
HIGHLIGHTS
- Guaranteed by White Castle System, Inc., a national QSR brand operating 345+ locations across 13 states.
- White Castle has 4, 1-year option periods remaining, each starting July 1, with the potential to extend the lease through June 2030.
- White Castle has successfully operated at this location for over 25 years, demonstrating long-term commitment.
- Positioned directly on US Highway 23, a primary north-south retail corridor with 29,000+ vehicles per day, providing excellent visibility.
- Located approximately 20 miles south of Columbus.
- White Castle, founded in 1921 and headquartered in Columbus, Ohio, is America’s first fast-food hamburger chain with over 100 years of operating.
OVERVIEW
Sands Investment Group is pleased to exclusively offer for sale the 2,200 SF White Castle located at 24599 US Highway 23 South in Circleville, Ohio, approximately 20 miles south of Columbus. The property is secured by a corporate-guaranteed ground lease backed by White Castle System, Inc., which has successfully operated at this location since 1999. Positioned directly on US Highway 23, the site offers strong visibility and access within the Columbus MSA.
In Cooperation With ParaSell, Inc. , A Licensed Ohio Broker - Lic. #REC.2020005946 BoR: Scott Reid - Lic. OH #BRKP.2020001224
FOR SALE DETAILS
PRICE
$704,000 USD
PRICE/SF
$320 USD /SF
CAP RATE
6.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
White Castle - Circleville, OH
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Restaurant, Storefront, undefined
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1999
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.58 AC
LAND SF
25,265 SF
ZONING
-
APN/PARCEL ID
A34-0-001-00-299-03
ASK ABOUT THIS PROPERTY
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843-510-0551
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843-510-0551
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