loader
Join Free
Views: 50 DOM: 32 Updated: 09.27.24 Posted: 09.27.24 Status: Active

Summary

Price $966,000
Built/Renov 2002
Tenant Subway
Cap Rate 6.00%
Lease Type NN+
Guarantor Corporate
Size/SF 1,600
Lease Start 05-01-2002
#Units 37,000
Price/SF $603.75
Expiration 04-30-2026
Tenant Type Fast Food/QSR
NOI $57,978
R. Term 1.6
Ownership Fee Simple
Rent/SF $36.24
Increases 10.0%/2/yrs
Pop 5Mi 181,769
Lot/AC 0.75
Options 3/5yrs/10%
AHHI 5Mi $81,120

Lease Highlights

  • The tenant has 1+ years remaining on its lease term with 3 (5-year) options to extend
  • The lease features 10% rental increases at the beginning of each option period
  • Favorable NN+ lease with landlord responsible for roof
  • The tenant is currently paying below market rent
  • Corporate guaranteed lease

Location Description

Subway is strategically located near the signalized, hard corner intersection of Norton Road and Hall Road, with access to a combined daily traffic count of 23,700 vehicles. The property is conveniently situated near the on/off ramps of Interstate 270, which sees 79,500 VPD, serving as a primary thoroughfare for the Columbus metropolitan area. The surrounding area is home to prominent national...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Subway
  • Guarantor:Corporate
  • Company:Subway Restaurants, Inc.
  • # Units:37,000
  • Stock:Private

About Tenant

Subway is an American multinational fast-food restaurant franchise that primarily sells submarine sandwiches (subs), wraps, salads, and beverages, and is known for its motto “Eat Fresh”. Subway...


...

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity