3120 E Main St - Fast Food FOR SALE


Columbus, OH 43209- Eastmoor
$1,575,538 USD
949-677-4757
3120 E Main St, Columbus, OH for Sale
$1,575,538 USD
Fast Food - FOR SALE
1/4
null | 6.5% Cap Rate

3120 E Main St
Columbus, OH 43209
Eastmoor


HIGHLIGHTS

  • Long-Term, 15-Year Absolute NNN Lease
  • Attractive Rental Increases - 10% every 5 years during the lease term and each of the option periods
  • Strong QSR Chain with +/- 5,000 Locations Internationally
  • Successful Tim Hortons Franchisee Guarantees Lease - 135-unit operator and the largest U.S. Tim Hortons franchisee
  • Primary Retail Corridor - Walmart Supercenter, Ross Dress for Less, Citi Trends, Shoppers World, Jiffy Lube, O'Reilly Auto Parts, ALDI, Wendy's
  • Great Demographics - Average household incomes over $98,564 within a 1-mile radius and a population of over 282,700 within 5 miles

OVERVIEW

Northmarq is pleased to offer to qualified investors the opportunity to acquire the fee simple interest in a Tim Hortons located in Columbus, Ohio. The Subject Property consists of approximately 0.38 acres with an approximate 1,780 SF building. The lease commenced in February 2019 and has approximately 10 years remaining. It is Absolute NNN with a fifteen (15) year term and three (3), five (5) year renewal options with 10% increases every 5 years. The Subject Property is located on East Main street in Columbus with a traffic count of approximately 28,966 VPD. It is in a dense retail and heavily populated residential area with approximately 282,741 residents within a 5-mile radius and an average household income of over $98,5604 within 1 mile of the Property. Retail in the area includes Wendy's, O'Reilly Auto Parts, Pizza Hut, and Jiffy Lube, among others.

FOR SALE DETAILS

PRICE

$1,575,538 USD

PRICE/SF

$1,312 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tim Hortons

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,705 SF

ZONING

-

APN/PARCEL ID

010-092060

ASK ABOUT THIS PROPERTY

Ronnie GivargisAllied Commercial Real EstateMore Info
949-677-4757

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Ronnie GivargisAllied Commercial Real EstateMore Info
949-677-4757

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