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.