The Rail – 5839 Frantz Road

$3,390,000.00
For Sale

8608

Property ID

4,580 SqFt

Size

Description

The Rail Burger – Restaurant Space 4,580 SF

Sales Price: $3,390,000

Cap Rate:

5.2% In 2023 due to rent bump
6.78% In 2023 including percentage rent payments

Investment Highlights:

  • Rare Availability for Similar Assets in Marketplace – High Barriers to Entry
  • Strong Sales – Low Rent to Sales Ratio
  • 20 Year Roof Warranty
  • 212,068 Residents in Growing Dublin Trade Area – Columbus MSA
  • Average Household Income Exceeds $112K in 5-Mile Radius
  • Ten Percent Rental Increases Every Five Years
  • Easy Access to the I-270 Freeway – 20 Minutes to Downtown

Lease Information:

  • 10 year initial term expiring 2/28/2028 (Tenant may be willing to extend lease early)
  • 2 to 5 year options
  • 10% rental increase every 5 years
  • Base Rent
  • Years 1 to 5: $161,500 NNN
  • Years 6 to 10: $177,650 NNN
  • Percentage Rent – 5% on any gross income exceeding 3 million in sales per year.

Address

Address: 5839 Frantz Road, Dublin, OH 43016
  • Country: United States
  • Province / State: Ohio
  • City / Town: Dublin
  • Postal code / ZIP: 43016
Open on Google Maps
  • Property ID 8608
  • Price $3,390,000.00
  • Property Type Commercial
  • Property status For Sale
  • Size 4,580 SqFt
  • Label Investment Property

File Attachments

The-Rail-OM-without-IA-9.1.2022.pdf Download

Contact

Rick Smith

Property Agent
300 Spruce Street, Suite 110 Columbus, Ohio 43215
614.545.2157
rsmith@AlterraRE.com
Other Properties