737 Bethel Rd - Fast Food FOR SALE


Columbus, OH 43214- Olentangy Commons
$1,739,000 USD
614-202-9235
737 Bethel Rd, Columbus, OH for Sale
$1,739,000 USD
Fast Food - FOR SALE
1/7
null | 5.75% Cap Rate

737 Bethel Rd
Columbus, OH 43214
Olentangy Commons


HIGHLIGHTS

  • Fee Ownership of Improvements Upon Ground Lease Expiration – 12/31/2031
  • New 10-Year Absolute NNN Lease from Close of Escrow, Four 5-Year Options at 10% Increase
  • RBI Corporate Ground Rent Through 2031; 140+ Unit Largest Franchisee Backing the Full Term
  • Morning Commuter Capture – 34,659 CPD on Bethel Rd Feeding the OH-315 Interchange at 118,327 CPD
  • 1,300+ Apartment Units and Centennial High School Within Walking Distance
  • High Barrier to Entry Corridor in Columbus with Over 45K VPD at Intersection

OVERVIEW

Tim Hortons Inc. is a Canadian multinational coffeehouse and restaurant chain with headquarters in Toronto, serving coffee, donuts, sandwiches, breakfast egg muffins and other fast-food items. Founded in 1954 , the company has grown to be Canada’s largest quick-service restaurant chain, with 6,043 restaurants across 14 countries. Rensko Holdings is a multi-unit franchise operator that owns and operates over 140 Tim Hortons locations across the country. The brand operates under Restaurant Brands International (RBI), one of the world’s largest quick service restaurant holding companies alongside Burger King, Popeyes, and Firehouse Subs. Columbus is the capital and most populous city of the U.S. state of Ohio. The Columbus metro is composed of 10 counties and is best known as a college-centric city, but for a midsize community, it offers residents big-city amenities. The metro is home to major league sports teams, including the Blue Jackets of the NHL and the Columbus Crew of MLS.

FOR SALE DETAILS

PRICE

$1,739,000 USD

PRICE/SF

$1,079 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tim Hortons - 10 Yr SLB

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,649 SF

ZONING

C4

APN/PARCEL ID

010-292365

ASK ABOUT THIS PROPERTY

Brennan CleggMarcus & MillichapMore Info
614-202-9235

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Brennan CleggMarcus & MillichapMore Info
614-202-9235

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