47 Meadow Park Ave - Fast Food FOR SALE


Lewis Center, OH 43035
$3,350,000 USD
602-687-6766
47 Meadow Park Ave, Lewis Center, OH for Sale
$3,350,000 USD
Fast Food - FOR SALE
1/6
null | 4.1% Cap Rate

47 Meadow Park Ave
Lewis Center, OH 43035


HIGHLIGHTS

  • Brand New 15-Year Absolute Triple-Net (NNN) Ground Lease
  • 10% Rental Increases Every 5 Years with Multiple Renewal Options
  • Brand New, High-Quality, 2024 Construction with Two Drive-Thru Lanes
  • Total Systemwide Sales for Chick-fil-A Exceeded $22.7 Billion in 2024, a 5.4% Increase from 2023
  • Signalized Hard Corner Location with Excellent Frontage Along Columbus Pike (Visible to More Than 47,870 Cars per Day)
  • Located Along a Busy Retail Corridor Anchored by Meijer, The Home Depot, Walmart, Kohl’s, Floor & Decor, and BJ’s Wholesale

OVERVIEW

Chick-fil-A, Inc. is an Atlanta-based, family owned and privately held restaurant company founded in 1946 by S. Truett Cathy. The Company has steadily grown to become the largest quick service chicken restaurant chain in the United States, based on domestic annual sales, with nearly 3,100 locations in 47 states, the District of Columbia, and Canada. Total system-wide sales generated from franchised and company-operated restaurants equaled $22.7 billion in 2024, a 5.4% increase from 2023. Lewis Center is a community located in northwestern Orange Township, Delaware County, Ohio, within the Columbus Metropolitan Statistical Area. Lewis Center lies on the east side of the Olentangy River, across from the city of Powell, west of Alum Creek State Park, and north of the Polaris shopping hub. The community is home to over 30,000 residents.

FOR SALE DETAILS

PRICE

$3,350,000 USD

PRICE/SF

$817 USD /SF

CAP RATE

4.1%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chick-fil-A Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.68 AC

LAND SF

73,181 SF

ZONING

-

APN/PARCEL ID

318-324-09-006-000

ASK ABOUT THIS PROPERTY

Mark RubleMarcus & MillichapMore Info
602-687-6766

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Mark RubleMarcus & MillichapMore Info
602-687-6766

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