For Sale
$5,364,000

1775 Hilliard Rome RdHilliard, OH 43026

High-performing, triple-net leased QSR portfolio.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents two single-story buildings totaling 8,359 square feet, situated on a 1.26-acre lot in Hilliard, Ohio. The property is 100% occupied by three nationally recognized tenants: Krispy Kreme, Bibibop Asian Grill, and Charleys Philly Steak, all operating under a triple-net (NNN) lease structure. Built in 2021, the property includes a free-standing Krispy Kreme drive-thru and a multi-tenant building, offering a diverse and resilient tenant mix. The property boasts a strong 6.15% cap rate and a substantial net operating income (NOI) of $329,784. Located at the entrance to Tanglewood Plaza, a high-traffic power center attracting over 4 million visitors annually, this property benefits from exceptional visibility and convenient access to Interstate-70. The property features 55 parking spaces and rent bumps every five years. The zoning is C-Commercial, and the property is offered fee simple. This prime location in the rapidly growing Columbus MSA, with its strong demographics and significant corporate presence, makes this a compelling investment opportunity. The property's two parcels are separately deeded (APN: 560-307278-00, 560-224664-00). Lease details are available in the marketing package.

Highlights

  • $5,364,000 asking price for a triple-net (NNN) leased retail property.
  • 100% occupancy with three tenants: Krispy Kreme, Bibibop Asian Grill, and Charleys Philly Steak.
  • 8,359 square feet on a 1.26-acre lot with 55 parking spaces.
  • Located at 1775 Hilliard Rome Rd, Hilliard, OH 43026, a high-traffic area with excellent visibility.
  • 6.15% cap rate with a $329,784 net operating income (NOI).
  • Built in 2021, featuring two one-story buildings.

Property Details for 1775 Hilliard Rome Rd

Property type
Retail properties
Square Feet
8,359 SF
Year Built
2021
Buildings
2
Stories
1
Lot Size (sq. ft)
54,886 SF
Units
3

Location Insight

City
Hilliard
County
Franklin
State
Ohio
Latitude
39.9875024
Longitude
-83.1518761
1775 Hilliard Rome Rd, Hilliard, Ohio

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1775 Hilliard Rome Rd
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