23601 US Hwy 23 S - Restaurant FOR SALE


Circleville, OH 43113
$2,975,000 USD
949-724-5561
23601 US Hwy 23 S, Circleville, OH for Sale
$2,975,000 USD
Restaurant - FOR SALE
1/7
null | 5.71% Cap Rate

23601 US Hwy 23 S
Circleville, OH 43113


HIGHLIGHTS

  • Brand New Rare 20 Yr. Absolute NNN Lease with Huey Magoo’s - Just Opened October 2024
  • High Profile Hard Corner PAD to Pickaway Crossing (ALDI Anchored) - Across from Walmart
  • Strong Multi-Tenant Franchisee - Exclusive Territory Rights to Columbus MSA - Long Time Operator
  • Suburb of Columbus (State Capital) - Voted #6 “Best Cities for Gen Z” 2022 - Huge Business Growth
  • One of Fastest Growing QSR Chains on East Coast - Named “The Filet Mignon of Chicken Tenders”
  • Strong Initial Sales Crushing Forecasts - 2024 Prototype with Drivethru - Underserved Market

OVERVIEW

The Snyder Carlton National Net Lease Team is pleased to offer to investors an excellent opportunity to acquire the single tenant absolute NNN leased Huey Magoo’s in Circleville, OH. The rapidly expanding brand has over 64 locations across 12 states, was voted best fried chicken in Florida by Yahoo, and was named in QSR magazine as “10 Hot Concepts Coming for the Chicken Crown”. The new 20-year absolute triple net lease includes four 5-year option periods, 8% rental increases and zero landlord responsibilities providing inflation resistant cash flows for a passive investor. The 2,418 SF QSR building with drive-thru on large 1.13-acre parcel is strategically located on the hard corner signalized intersection of US-23 and Court Street Connector which sees over 29,000 VPD and benefits from excellent visibility and access. Nearby retailers include Walmart Supercenter, Tractor Supply, ALDI, Harbor Freight Tools, McDonald’s, Chipotle, O’Reilly Auto Parts, Sheetz and more.

FOR SALE DETAILS

PRICE

$2,975,000 USD

PRICE/SF

$1,230 USD /SF

CAP RATE

5.71%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Huey Magoo's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.13 AC

LAND SF

49,223 SF

ZONING

-

APN/PARCEL ID

A05-0-151-00-020-02

ASK ABOUT THIS PROPERTY

Eric CarltonColliersMore Info
949-724-5561

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Eric CarltonColliersMore Info
949-724-5561

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