For Sale
$5,364,000

1775 Hilliard Rome Rd Hilliard, OH 43026

High-performing, triple-net leased QSR portfolio.

Overview

Added:
Dec 11, 2024
Days on market:
135
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

FAQs

What type of property is this?
Retail property - High-performing, triple-net leased QSR portfolio.
Where is the retail property located?
The property is located at 1775 Hilliard Rome Rd Hilliard, OH.
What is the asking price?
The asking price for this property is $5,364,000.
What are key features of this property?
This property features: $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.
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1775 Hilliard Rome Rd
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