8511 Smiths Mill Rd - Fast Food FOR SALE


New Albany, OH 43054
$2,200,000 USD
614-989-9776
8511 Smiths Mill Rd, New Albany, OH for Sale
$2,200,000 USD
Fast Food - FOR SALE
1/6
null | 5% Cap Rate

8511 Smiths Mill Rd
New Albany, OH 43054


HIGHLIGHTS

  • Absolute NNN Ground Lease | No Landlord Responsibilities
  • 24 years of term remaining
  • Affluent Submarket | $276,000+ 3-mile average household incomes
  • Site is in the heart of “Silicon Heartland” | Fastest Growing Data Center Hub in US | $35+ Billion Investment
  • New 2024 Construction
  • Lease has a corporate guaranty by MAS Restaurant Group for entire lease term | 122 locations | $225 Million in sales

OVERVIEW

Dune Investment Group LLC (“DUNE”) is pleased to offer the opportunity to acquire an absolute NNN free-standing Taco Bell restaurant in New Albany, Ohio. The tenant, MAS Restaurant Group, signed a 25-year ground lease in 2024 demonstrating their long-term commitment to the site. The lease features 8% rental increases every 5 years throughout the initial term and options, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making this an ideal, management-free investment opportunity for a passive investor. The property is now open and operating. The franchisee currently has 122 Taco Bell locations throughout Ohio and Texas and is the fastest growing Taco Bell franchisee in the country. The Taco Bell is strategically positioned in the highest income suburb of Columbus, Ohio boasting 3-mile average household incomes of over $276,000. The site is located in the heart of the “Silicon Heartland” which is the fastest growing data center market in the nation and less than 2 miles from Intel’s new mega-campus for chip fabrications. With planned investment soaring to $28+ Billion, it is the largest single private-sector investment in Ohio’s history and is anticipated to generate 3,000+ white-collar and tech jobs with Intel. Furthermore, Amazon, Google and Meta have invested billions of dollars in data center campuses in a 1-mile radius.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$1,000 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.36 AC

LAND SF

59,242 SF

ZONING

-

APN/PARCEL ID

093-106512-00.009

ASK ABOUT THIS PROPERTY

Jeff GreggDune Investment Group LLCMore Info
614-989-9776

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Jeff GreggDune Investment Group LLCMore Info
614-989-9776

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