1080 Hill RdPickerington, OH 43147
For Sale
$1,305,000
High-Sales, NNN Ground Lease in Ohio
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 93
Highlights
- Popeyes, the world's second-largest quick-service chicken restaurant, with over 4,530 global locations and a $1.7M average unit volume (AUV). This location significantly exceeded the AUV with $2.42M in 2023 sales.
- Leased by Restaurant Brands International (RBI), a publicly traded company (NYSE: QSR) with a BB credit rating, operating over 31,000 restaurants and generating $7.2B in 2023 revenue.
- Rare corporately-operated Popeyes location; less than 1% of Popeyes restaurants are corporately leased.
- Strong local tenant occupancy rate of 99.2%.
- Lease includes 7% rent increase in 2027 and 12% increases in each renewal option, providing inflation protection.
- Adjacent to Pickerington Methodist Hospital, a 96-bed facility with over 500 employees, recently completed a $178M renovation.
Property Details for 1080 Hill Rd
- Property type
- Other retail properties, Restaurants
- Square Feet
- 2,800 SF
- Year Built
- 2021
- Buildings
- 1
- Lot Size (sq. ft)
- 32,234 SF
- Units
- 1
Location Insight
- City
- Pickerington
- County
- Fairfield
- State
- Ohio
- Latitude
- 39.90891212163
- Longitude
- -82.777370591932
1080 Hill Rd, Pickerington, Ohio
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