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Subway | Below Market Rent | DriveThru 1041 Norton Rd

1,600 SF Retail Building Columbus, OH 43228 $900,000 ($563/SF) 6.44% Cap Rate

Retail Space Ohio Columbus 1041 Norton Rd, Columbus, OH 43228

Investment Highlights

  • Below Market Rent | Options To Extend | Drive-Thru Equipped
  • Near Signalized, Hard Corner Intersection (23,700 VPD) | I-270 (79,500 VPD) | Direct Consumer Base | National Retailers
  • NNN | Fee Simple Ownership | Minimal Landlord Responsibilities
  • Strong Demographics In 5-Mile Trade Area

Executive Summary

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN, freestanding, drive-thru equipped, Subway investment property located in Galloway, Ohio. The tenant has 2 years remaining on its initial lease with 3 (5-year) options to extend. The lease features 10% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NNN with minimal landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,600 SF
Building Class
B
Year Built
2002
Price
$900,000
Price Per SF
$563
Cap Rate
6.44%
NOI
$57,978
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.75 AC
Zoning
C4 - Commercial
Parking
24 Spaces (15 Spaces per 1,000 SF Leased)
Frontage
326 FT on Norton Rd

Amenities

  • Corner Lot
  • Freeway Visibility
  • Pylon Sign
  • Restaurant
  • Signage
  • Signalized Intersection
  • Drive Thru

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Accommodation and Food Services
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000

Subway® is simply the better choice for freshly made, convenient, and affordable food. For a reason, they are one of the world’s largest restaurant brands, serving up a crave-able menu with better options to their millions of fans, every day. Whether it’s their bread baked fresh daily, new flavorful signature subs or their classic fan favorites made fresh to order, Subway® delivers a quality, delicious meal that people can feel good about. The Subway® story began in 1965 when Fred DeLuca asked his family friend, Dr. Peter Buck, a nuclear physicist, for advice on how to pay his college tuition. With an idea to open a submarine sandwich shop and an initial investment from Dr. Buck, the two formed a business partnership that would ultimately change the landscape of the quick-service restaurant industry.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Accommodation and Food Services 99,999 SF - Lorem Ipsum Jan 0000

Links

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PROPERTY TAXES

Parcel Number 010-218227 Improvements Assessment $136,010
Land Assessment $64,050 Total Assessment $200,060

PROPERTY TAXES

Parcel Number
010-218227
Land Assessment
$64,050
Improvements Assessment
$136,010
Total Assessment
$200,060
(480) 221-4221

Contacts

  • Listing ID: 33312998

  • Date on Market: 9/26/2024

  • Last Updated:

  • Address: 1041 Norton Rd, Columbus, OH 43228

More public record information on 1041 Norton Rd, Columbus, OH 43228

The Retail Property at 1041 Norton Rd, Columbus, OH 43228 is currently available for sale. Contact SRS National Net Lease for more information.

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1041 Norton Rd, Columbus, OH for sale Building Photo- Image 1 of 6
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Subway | Below Market Rent | DriveThru | 1041 Norton Rd
(480) 221-4221 x

Subway | Below Market Rent | DriveThru | 1041 Norton Rd

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Patrick Luther

(480) 221-4221

(480) 221-4221

Matthew Mousavi

(714) 404-8849

(714) 404-8849

Sarah Shanks

(502) 442-7079

(502) 442-7079

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