1590 Georgesville Sq | Columbus, OH 43228
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- LoopNet Team
1590 Georgesville Sq
Columbus, OH 43228
Applebee's | Abs NNN | 11+ Yrs | 6.39% Cap · Retail Property For Sale
Investment Highlights
- Destination retail hub - situated in Georgesville Square, a major shopping center anchored by Lowe’s, Kroger and AutoBoutique
- Located just off the Interstate 270 interchange with visibility along Georgesville Road with over 34,000 vehicles per day
- 10% rent increases every 5 years that continue through each four, five-year option periods
- Lease guaranteed by 2nd largest Applebee’s franchisee RMH Franchise Holdings, Inc. - 130+ locations in 14 states
- Absolute NNN with no landlord maintenance responsibilities
- Low rent-to-sales ratio
PROPERTY FACTS
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,021 SF
Building Class
B
Year Built
2000
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.28 AC
Parking
80 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
173 FT on Georgesville Sq
PROPERTY TAXES
| Parcel Number | 010-240806 | Improvements Assessment | $140,280 |
| Land Assessment | $212,420 | Total Assessment | $352,700 |
PROPERTY TAXES
Parcel Number
010-240806
Land Assessment
$212,420
Improvements Assessment
$140,280
Total Assessment
$352,700
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