2550 Hamilton RdColumbus, OH 43232

Property Details for 2550 Hamilton Rd

Year built

2016

Construction

WOOD

Lot size

0.68 AC

Property size (Sq ft)

1,798 SF

Property type

Drive through restaurants

APN

010-017446

APU

10017446

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $460,076

  6.5%

  $424,685

  7%

  $394,350

• Comparable approach

  Method

  Valuation

  Relative Method

  $423,826

  Geo Method

  $423,826

• Alternative Use

  Use

  Valuation

  Residential

  $358,238

  Hospitality

  $328,144

  Educational

  $273,012

  Medical

  $282,401

  Retail

  $424,685

Location Insight

City

Columbus

County

Franklin

State

Ohio

Latitude

39.9247

Longitude

-82.8791

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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