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Taco Bell Ground Lease 10600 Sawmill Pky 2,164 SF Retail Building Powell, OH 43065 $1,760,000 ($813.31/SF) 4.50% Cap Rate
Investment Highlights
- Rare Low Price Point Absolute Triple-Net (NNN) Ground Lease - Outparcel to Target
- Affluent Demographics in Columbus, Ohio and Strong Growth Market - Average Household Income Exceeds $184,000 within a One-Mile Radius
- 171,730 Residents within a Five-Mile Radius in Growing Trade Area
- Large 67-Unit Taco Bell Franchisee
- 10 Percent Rental Increases Every Five Years
- Located Five Minutes from the Columbus Zoo & Aquarium, Attracting Over Two Million Visitors Annually
Executive Summary
Taco Bell Corp., a subsidiary of Yum! Brands, Inc., (NYSE: YUM), is the nation’s leading Mexican-inspired quick serve restaurant (QSR). Taco Bell and its more than 350 restaurant franchise organizations have over 7,000 restaurants worldwide.
Powell is a city in Delaware County, Ohio located approximately 14 miles north of Columbus. Home to over 13,000 residents with a median household income of $157,149, Powell is within one of the wealthiest counties in the United States. Powell was recognized as one of the Best Places to Live in the United States by Money Magazine, and was named the Best Suburb in the United States by Business Insider.
Powell is a city in Delaware County, Ohio located approximately 14 miles north of Columbus. Home to over 13,000 residents with a median household income of $157,149, Powell is within one of the wealthiest counties in the United States. Powell was recognized as one of the Best Places to Live in the United States by Money Magazine, and was named the Best Suburb in the United States by Business Insider.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,164 SF
Building Class
B
Year Built
2020
Price
$1,760,000
Price Per SF
$813.31
Cap Rate
4.50%
NOI
$79,200
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.78 AC
Zoning
C
Parking
46 Spaces (10 Spaces per 1,000 SF Leased)
Amenities
- Restaurant
- Drive Thru
Moderately walkable
60/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 319-344-05-010-011 | Improvements Assessment | $246,190 |
| Land Assessment | $214,590 | Total Assessment | $460,780 |
Property Taxes
Parcel Number
319-344-05-010-011
Land Assessment
$214,590
Improvements Assessment
$246,190
Total Assessment
$460,780
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Taco Bell Ground Lease | 10600 Sawmill Pky
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