The Rail

5839 Frantz Road, Dublin, OH 43016

$2,632,000

Cap Rate 7.15%

Views: 72 Updated: 02.15.24 Posted: 11.29.23 Status: Inactive

Summary

Price $2,632,000	Built/Renov 2018	Tenant The Rail
Cap Rate 7.15%	Lease Type NN+	Guarantor Corporate
Size/SF 4,580	Lease Start 03-01-2018	#Units 4
Price/SF $574.67	Expiration 02-28-2028	Tenant Type Casual Dining
NOI $188,172	R. Term 3.2	Ownership Fee Simple
Rent/SF $41.09	Increases 10.0%/5/yrs	Pop 5Mi 221,934
Lot/AC 0.92	Options 2/5yrs/10%	AHHI 5Mi $128,673

Lease Highlights

The Rail has over 4 years remaining on its current lease term with 2 (5-year) options to extend
Lease features an increase of 10% at the beginning of each option
Favorable NN+ Lease | Minimal landlord responsibilities (roof and structure)
Corporate guaranteed lease

Location Description

The Rail is strategically located along Frantz Road, which sees 15,274 vehicles passing daily. The property is in a highly accessible location directly off Jack Nicklaus Fwy 270 (131,500+ VPD). The property benefits from being adjacent to Karric Square shopping center, and is also within 1-mile of The Mall at Tuttle Crossing, featuring national retailers such as JCPenney, Walmart Supercenter,...

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Key Features

Dense retail corridor
Shopping Ctr out-parcel
Strategically located
Freeway close
Highway location
Strong tenant synergy
Dense 200M+ pop 5 mi
Top 100 MSA
Affluent AHHI $100K 5 Mi
Favorable NN+ lease

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Links

The Rail Burger Wikipedia Dublin, Ohio Zip Code 43016 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: The Rail
Guarantor:Corporate
Company:Mike Mariola Restaurants
# Units:4
Stock:Private

About Tenant

The Rail is an Ohio-based full-service burger restaurant and bar chain which offers a steakhouse menu of 100% locally farm-sourced beef for their burgers, chicken and dairy products used in their...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	9,855	90,892	226,155
2023 Total Population :	9,713	88,758	224,390
2023 Employed Civilian Pop :	6,153	52,253	129,157
2023 Total Businesses :	605	4,182	8,218
2023 Average Household Income :	$ 113,053	$ 118,043	$ 132,527
2023 Total Consumer Spending :	$ 481 M	$ 4028 M	$ 10603 M
2023 Median Age :	37	37	38
2023 Total Households :	4,966	39,766	93,580
2023 Pop Age 25+: Bachelor's Degree :	3,047	24,576	59,905
2023 Average Home Value :	$ 379,179	$ 361,448	$ 364,701

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Frantz Rd	Elmbridge Ln	2010	17,021	0.10 mi
Elmbridge Ln	Frantz Rd	2010	3,289	0.16 mi
Shannon Heights Blvd	Karric Square Dr	2010	3,975	0.16 mi
KILBANNON WAY	Ulster Dr	2020	1,158	0.20 mi
Frantz Road	Keating Dr	2021	12,692	0.20 mi
Frantz Rd	Tuttle Rd	2014	18,746	0.21 mi
Tuttle Crossing Blvd	O'Sweeney Ln	2001	15,400	0.30 mi
Frantz Rd	McGrath Dr	2014	19,081	0.31 mi
Shannon Heights Blvd	Killary Dr	2016	1,656	0.31 mi
Tuttle Crossing Boulevard	O'Sweeney Ln	2021	13,121	0.33 mi

Listing Broker

Chris Lind

Marcus & Millichap: NLAG

Contact

191 Listings
26003 Views
118 Sold

Mark Ruble

Marcus & Millichap: NLAG

Contact

192 Listings
26105 Views
119 Sold

Chris Lind

Chris Lind specializes in advising the Net Lease Advisory Group’s clients in the acquisition and disposition of net-leased investment properties nationally. Chris is solely committed to single-tenant and multi-tenant net leased assets as well as structuring sale/leasebacks and portfolio sales throughout the United States. Chris has been with Marcus & Millichap since 2007 and his experience includes selling hundreds of properties located throughout the country. Chris prides himself on act

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Mark Ruble

Mark Ruble is the co-founder of the Net Lease Advisory Group and a top producing Agent with Marcus & Millichap. Mark has been with Marcus & Millichap for 19 years (2004) and has received numerous accolades for his superior service and outstanding performance. Mark has successfully closed over 1,840 properties totaling in excess of $5.7 Billion in transaction volume across 46 states. The key to Mark’s success has been his dedication to providing clients with market leading information an

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