8787 Owenfield Dr - Restaurant FOR SALE


Powell, OH 43065
$3,140,000 USD
949-724-5561
8787 Owenfield Dr, Powell, OH for Sale
$3,140,000 USD
Restaurant - FOR SALE
1/3
null | 5.35% Cap Rate

8787 Owenfield Dr
Powell, OH 43065


HIGHLIGHTS

  • Brand New Rare 20 Yr. Absolute NNN Lease with Del Taco - Fee Simple - Opening Soon!
  • Irreplaceable PAD Site to Home Depot - Surrounded by Walmart/BJ’s Wholesale Club/Meijer
  • Experienced Multi Unit Operator Guarantee - Exclusive Territory Rights to Columbus MSA
  • Suburb of Columbus (State Capital) - Voted #6 “Best Cities for Gen Z” - Huge Business Growth
  • 2024 Prototype Remodel with Drivethru - 10% Bumps - Zero LL Duties - Strong Guarantee
  • Subsidiary of Jack in the Box (NASDAQ: JACK) - 2nd Largest Mexican Restaurant QSR in Country

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 Del Taco in Powell, OH. Del Taco was purchased by Jack in the Box Inc. (NASDAQ: JACK) in 2022 and operates over 590 locations across 15 states. The new triple net lease has a 20-year primary term with three 5-year option periods, zero landlord responsibilities and 10% rental increases every 5 years making this asset ideal for an investor seeking passive cash flows for years to come. The newly renovated 2,459 SF building with drive-thru on 0.84-acre parcel is strategically positioned as a Home Depot outparcel with combined traffic counts exceeding 49,700 VPD. Nearby retailers Include Walmart Supercenter, The Home Depot, BJ’s Wholesale Club, Meijer, ALDI, Bank of America, Chase Bank, McDonald’s, Chipotle, Starbucks and more. The 1,200-acre Polaris Center of Commerce is only two miles from the subject property and is Columbus’ premier destination for shopping, dining, entertaining, working and living. Polaris Fashion Place, a 1.47MM SF super regional mall, sees over 10.3 million visitors annually and is one of the largest malls in the Midwest. Additionally, JPMorgan Chase recently completed renovations on their state-of-the-art 2 million SF Polaris Campus with over 12,000 employees.

FOR SALE DETAILS

PRICE

$3,140,000 USD

PRICE/SF

$1,277 USD /SF

CAP RATE

5.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Del Taco - Absolute NNN Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.84 AC

LAND SF

36,590 SF

ZONING

Restaurant Drive In

APN/PARCEL ID

318-324-11-004-000

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.