463 Town StColumbus, OH 43215

This Columbus, Ohio restaurant presents a compelling investment opportunity. The 4,936 square foot, two-story building, situated on a 0.136-acre lot at 463 W Town Street, boasts a strong 7.14% cap rate and a substantial net operating income (NOI) of $150,000. Built in 1958 and extensively renovated in 2017, the property is currently operating under an NNN lease with a single tenant, a successful and internationally growing restaurant and brewery. The lease, commencing December 31, 2017, has 11.1 years remaining until December 31, 2035, with potential extension options. The asking price is $2,500,000, translating to $425.44 per square foot. Located in the vibrant Franklinton neighborhood, this property benefits from its proximity to numerous new and upcoming developments, ensuring continued growth and high tenant occupancy. This sale-leaseback arrangement offers a secure, long-term income stream with a proven, high-performing tenant. The property's prime location and the tenant's success make this an exceptional investment opportunity in a rapidly developing area of Columbus.