1041 Norton Rd - Fast Food FOR SALE


Columbus, OH 43228
$900,000 USD
480-221-4221
1041 Norton Rd, Columbus, OH for Sale
$900,000 USD
Fast Food - FOR SALE
1/5
null | 6.44% Cap Rate

1041 Norton Rd
Columbus, OH 43228


HIGHLIGHTS

  • Below Market Rent | Options To Extend | Drive-Thru Equipped
  • NNN | Fee Simple Ownership | Minimal Landlord Responsibilities
  • Near Signalized, Hard Corner Intersection (23,700 VPD) | I-270 (79,500 VPD) | Direct Consumer Base | National Retailers
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN, freestanding, drive-thru equipped, Subway investment property located in Galloway, Ohio. The tenant has 2 years remaining on its initial lease with 3 (5-year) options to extend. The lease features 10% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NNN with minimal landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$480 USD /SF

CAP RATE

6.44%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Subway | Below Market Rent | DriveThru

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,670 SF

ZONING

C4

APN/PARCEL ID

010-218227

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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