3390 Cleveland Ave - Fast Food FOR SALE


Columbus, OH 43224- North Linden
$2,909,000 USD
480-221-4221
3390 Cleveland Ave, Columbus, OH for Sale
$2,909,000 USD
Fast Food - FOR SALE
1/7
null | 5.5% Cap Rate

3390 Cleveland Ave
Columbus, OH 43224
North Linden


HIGHLIGHTS

  • New 15 Year Lease | Scheduled Rental Increases | Franchisee Guaranteed | Well-Known & Established Brand
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Signalized, Hard Corner Intersection | Dual Drive-Thru | Excellent Visibility & Access | Brand New Construction
  • JPMorgan Chase Regional HQ | May 2025 Completion/Opening |Easton Town Center (30M+ Annual Visitors)
  • Strong Demographics In 5-Mile Trade Area | Columbus OH

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, freestanding, dual drive-thru equipped, Popeyes investment property located in Columbus, OH. The tenant will sign a 15-year lease with 5 (5-year) options upon close of escrow, demonstrating their long-term commitment to the site. The lease features 1.50% annual rental increases 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 currently scheduled for a May 2025 opening. The franchisee was recently named by Inspire as Dunkin’ Franchisee of the Year.

FOR SALE DETAILS

PRICE

$2,909,000 USD

PRICE/SF

$657 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Popeyes | Opening May 2025

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.78 AC

LAND SF

33,759 SF

ZONING

CPD

APN/PARCEL ID

010-208510

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.