George’s Corner: NNN Drive-Thru Outparcels 1775-1777 Hilliard Rome Rd

Pegasus Investments Real Estate Advisory Inc., as exclusive investment sale advisor to seller, is pleased to present the opportunity to acquire two retail buildings 100% leased on a NNN basis to Krispy Kreme, BIBIBOP Asian Grill and Charleys Philly Steak in Hilliard, Ohio (the “Property”). The Property features a separately parceled brand-new construction free-standing Krispy Kreme drive-thru (ground lease) and a newly repositioned two-tenant building containing BIBIBOP Asian Grill and Charleys Philly Steak, situated on a combined 1.26-acre hard-corner lot.
The Property boasts exceptional real estate fundamentals within a regionally dominant retail corridor and is strategically located at the entrance to Tanglewood Plaza, a prominent power center that attracts over 4 million visitors per year, according to Placer.ai. The center features an outstanding line-up of class-A retail, including Sam’s Club, Esporta Fitness, Dick’s Sporting Goods, Ross, and Kohl’s. Situated along Hillard Rome Road (51,000 VPD), the Property benefits from excellent visibility along a historically high-performing retail corridor that features extremely low vacancy and a strong presence of national credit tenants.
The underlying fundamentals of the Property are supported by strong demographics featuring average household incomes of $100,000 within both a 3-mile and 5-mile radius. Further, the City of Hilliard has realized exceptional population growth of 30% since 2010 (Source: Census.gov), making it one of the fastest-growing markets in the Columbus MSA. Regionally, a strong tech and corporate HQ presence with significant institutional investment over the last decade has attracted a younger, highly educated demographic to the Columbus MSA, boding well for the long-term growth and development of the region.