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565 High StColumbus, OH 43215

Columbus Restaurant Investment, 7.75% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Columbus, Ohio retail investment opportunity, known as The Cap at Union Station, presents a compelling 25,895 square foot portfolio of restaurant spaces. Built in 2004 on a unique bridge structure, the property boasts a prime location adjacent to the Columbus Convention Center and the newly expanded 1,000-room Downtown Hilton, the largest hotel in Ohio. Its strategic placement offers unparalleled access to high foot traffic, placing it within walking distance of the vibrant Short North Arts District and Nationwide Arena, home to the Columbus Blue Jackets. The property's design cleverly echoes the aesthetic of the former Union Station, seamlessly integrating into the urban landscape. The lightweight construction of the single-story building contributes to its efficient operation. The portfolio includes established restaurant brands: Hyde Park, Parlay, Rivington, and El Vaquero. With a strong net operating income (NOI) of $758,406 and a 7.75% capitalization rate, this investment offers significant potential for growth and return. The property's location at 565 N High St, Columbus, OH 43215, in Franklin County, ensures high visibility and accessibility. This unique offering represents a rare chance to acquire a well-established, high-performing retail portfolio in a thriving downtown Columbus location. The property's design successfully reconnects the downtown area with the Short North neighborhood, creating a pedestrian-friendly environment that enhances its appeal and value.

Highlights

  • 25,895 SF retail property in Columbus, OH, with a 7.75% cap rate.
  • Strong NOI of $758,406.
  • Prime location adjacent to the Columbus Convention Center and the newly expanded 1,000-room Downtown Hilton.
  • Excellent walkability to the Short North Arts District and Nationwide Arena.

Property Details for 565 High St

Property type
Retail properties, Restaurants
Square Feet
25,895 SF
Year Built
2004
Stories
1

Location Insight

City
Columbus
County
Franklin
State
Ohio
Latitude
39.973882197886
Longitude
-83.002862082075
565 High St, Columbus, Ohio

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565 High St
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