For Sale
$1,550,000

2550 Hamilton Rd Columbus, OH 43232

High-yield Tim Hortons investment. 8.5 years remaining.

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional investment opportunity presents a net-leased Tim Hortons restaurant located at 2550 S Hamilton Rd, Columbus, OH 43232. The property boasts 1,789 square feet on a 0.67-acre lot, situated on Route 317 in a high-traffic retail area, less than three-quarters of a mile from the I-70 on-ramp. The current lease has 8.5 years remaining, followed by three five-year renewal options, providing long-term stability. The property offers a strong 6.64% cap rate and a substantial net operating income (NOI) of $102,850, with a sale price of $1,550,000 ($866.41 per square foot). The tenant is a 10-unit franchisee, adding further security to this investment. This is a single-tenant, NNN lease, minimizing landlord responsibilities. The property's prime location and strong tenant history make it an attractive addition to any investment portfolio. This is a 100% occupied property offering a compelling return on investment.

Highlights

  • Net-leased Tim Hortons restaurant in high-traffic Columbus, OH location.
  • 1,789 SF building on a 0.67-acre lot, situated near I-70.
  • 8.5 years remaining on the lease, plus three 5-year options.
  • 6.64% cap rate and $102,850 NOI; $1,550,000 sale price ($866.41/SF).
  • NNN lease with a 10-unit franchisee tenant, minimizing landlord responsibilities.

Property Details for 2550 Hamilton Rd

Property type
Retail properties, Restaurants
Square Feet
1,789 SF
Lot Size (sq. ft)
29,185 SF

Location Insight

City
Columbus
County
Franklin
State
Ohio
Latitude
39.9246437
Longitude
-82.8790741

FAQs

What type of property is this?
Retail property - High-yield Tim Hortons investment. 8.5 years remaining.
Where is the retail property located?
The property is located at 2550 Hamilton Rd Columbus, OH.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Net-leased Tim Hortons restaurant in high-traffic Columbus, OH location.; 1,789 SF building on a 0.67-acre lot, situated near I-70.; 8.5 years remaining on the lease, plus three 5-year options.
How can I contact the broker?
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2550 Hamilton Rd
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