This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

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

8,359 SF 100% Leased Retail Building Hilliard, OH 43026 $5,364,000 ($642/SF) 6.15% Cap Rate

Investment Highlights

  • Separately Parceled Two-Building Property Featuring New Krispy Kreme Drive-Thru and Repositioned Multi-Tenant Building
  • Irreplaceable Infill Location in Rapidly Growing Columbus MSA
  • Convenient Access to Interstate-70 - 5th Largest Highway System in the US
  • Premier Outparcel at Entrance of Tanglewood Plaza - 4M Visitors Annually
  • High-Performing Retail Corridor with Extremely Low Vacancy

Executive Summary

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.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
8,359 SF
Building Class
C
Year Built/Renovated
1993/2021
Price
$5,364,000
Price Per SF
$642
Cap Rate
6.15%
NOI
$329,784
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
1.26 AC
Zoning
C-Commercial
Parking
55 Spaces (6.58 Spaces per 1,000 SF Leased)
Frontage
249 FT on Hillard Rome Rd

Amenities

  • Pylon Sign
  • 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
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Bibibop is all about well being. They serve healthy, affordable Asian food because they really care. They serve real, unprocessed, high quality food because they believe that well-being can start with a good meal. They take care with everything they do to keep that meal affordable for their guests because they also believe that you should not have to pay more to eat healthy food. They are a family empowered to make a difference for their guests and focused on improving every day. They believe that well-being is for everyone and they want to support people on their journey to wholistic health and happiness. Promoting Well B-ing goes beyond offering quality food and extends to health in all forms – physically, mentally, relationally, and spiritually.

  • Accommodation and Food Services
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Charleys Philly Steaks founder and CEO Charley Shin tasted his first Philly Cheesesteak back in 1985 while attending The Ohio State University. As a young undergrad with an appetite for success, Shin knew he wanted to share this sandwich experience with others in a big way. After experimenting with countless ingredients and perfecting his recipe, Shin turned his entrepreneurial dreams into reality in 1986 when he opened his first restaurant called Charley’s Steakery, a 450-square foot space near The Ohio State University campus. With the support of his mother, Charley’s Steakery became an instant hit with college students who craved the made-fresh Philly Cheesesteaks, loaded Gourmet Fries and all-natural Lemonades.

  • Krispy Kreme
  • Accommodation and Food Services
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Accommodation and Food Services 99,999 SF $9.99 Lorem Ipsum Jan 0000
Accommodation and Food Services 99,999 SF $9.99 Lorem Ipsum Jan 0000
Krispy Kreme Accommodation and Food Services 99,999 SF $9.99 Lorem Ipsum Jan 0000
Walk Score ®
Very Walkable (74)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Starbucks
Applebee's
PNC Bank
La Fitness
Outback Steakhouse
The Hummus & Pita Co.
Esporta Fitness
Tim Hortons
Texas Roadhouse
ALDI
  • Listing ID: 33564551

  • Date on Market: 10/18/2024

  • Last Updated:

  • Address: 1775-1777 Hilliard Rome Rd, Hilliard, OH 43026

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}