890 Dublin Granville RdColumbus, OH 43229

For Sale
$1,536,000

High-yield Pizza Hut, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional investment opportunity presents a fee-simple ownership of a single-story, 2,860 square foot Pizza Hut restaurant located at 890 E Dublin Granville Rd, Columbus, OH 43229. Built in 2006 on a 0.67-acre lot, this property boasts a strong location directly off Interstate 71, less than 10 miles north of Columbus, within a manufacturing corridor featuring national credit automotive tenants. The property is offered at $1,536,000, representing a price per square foot of $537.06 and a compelling 7.00% cap rate. The current Net Operating Income (NOI) stands at $107,522. This is an absolute NNN lease with a franchisee tenant, providing a passive income stream. The lease features a remaining term of 9.4 years with annual rent bumps of 1.25%, ensuring consistent growth in rental income. The property is classified as retail, specifically a restaurant and storefront, and represents a secure, high-return net lease investment. This is a single-tenant property offering a stable and predictable income stream for investors seeking a strong, established brand in a desirable location. The property's proximity to major transportation routes and established businesses further enhances its investment appeal.

Highlights

  • Prime manufacturing location with national credit automotive tenants nearby.
  • Excellent freeway access via I-71.
  • Conveniently located less than 10 miles north of Columbus, OH.

Property Details for 890 Dublin Granville Rd

Property type
Other retail properties, Individual retail properties
Square Feet
2,860 SF
Year Built
2006
Buildings
1
Stories
1
Lot Size (sq. ft)
29,185 SF

Location Insight

City
Columbus
County
Franklin
State
Ohio
Latitude
40.0884743
Longitude
-82.9949394
890 Dublin Granville Rd, Columbus, Ohio

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890 Dublin Granville Rd
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