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2421 S Hamilton Rd
Columbus, OH 43232

Taco Bell | 5.50% CAP Rate | Columbus, OH · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Fast Food
Building Size
3,024 SF
Building Class
B
Year Built/Renovated
1979/2011
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.61 AC
Zoning
C4, Columbus
Parking
24 Spaces (7.94 Spaces per 1,000 SF Leased)
Frontage
60 FT on Kimberly Pky

Amenities

  • Pylon Sign
  • Signalized Intersection
  • Drive Thru

About 2421 S Hamilton Rd , Columbus, OH 43232

Available is a Taco Bell that has been successfully operating in a major Midwest metropolitan market in the same location for 35+ years. The new building that sits on this “Taco Bell Corner” was rebuilt from the ground up (at tenant’s expense) just over 5 years ago and is still within its primary term of a 21-year lease with four remaining, 5-year renewal options. Throughout the initial term and renewal periods the lease features fixed 10% rental increases every 5 years. The Property is situated at a signalized intersection along a major thoroughfare, South Hamilton Road, which experiences above-average traffic exposure to over 39,000 VPD. The site location sits just over half of a mile from the heavily traveled nationwide US Route 70 (±100,000 VPD at S Hamilton Rd Exit) which spans ± 2150 miles in length through 10 states. This Offering represents a rare opportunity for qualified investors to acquire a desirable asset leased to a nationally recognized quick service restaurant brand with premium site characteristics in a strong market. In addition to being host to headquarters of Wendy’s and White Castle as well as a few corporations listed on Fortune 500 list (Nationwide Mutual Insurance Company, American Electric Power, L Brands, Big Lots and Cardinal Health) Columbus is also Home to the Ohio State Buckeyes (NCAA), Columbus Crew SC (MLS), and the Blue Jackets (NHL). Affectionately known as “America’s Test Market”, in 2017 Columbus recently surpassed Indianapolis to become the 2nd largest populous city in the Midwestern U.S., behind only Chicago, Illinois. Within city limits, Columbus has grown 9.3 percent in 2016 and between 2011 and 2016, private employment in Ohio increased by 450,000 jobs, far outperforming the regional average (261,000).

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
010-020077
Land Assessment
$72,765
Improvements Assessment
$167,020
Total Assessment
$239,785
  • Listing ID: 11426116

  • Date on Market: 1/31/2018

  • Last Updated:

  • Address: 2421 S Hamilton Rd, Columbus, OH 43232

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