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2435 Brice Rd 5,564 SF Retail Building Reynoldsburg, OH 43068 $980,000 ($176.13/SF) 8.85% Cap Rate
Investment Highlights
- Located on a highly traveled commercial thoroughfare with close access to I-70.
- Investment Opportunity.
- New 5-year lease executed with an established restaurant operator and renewal options.
- Positioned within a dense retail trade area providing consistent consumer traffic.
Executive Summary
This single-tenant investment opportunity features a free-standing restaurant positioned on approximately 1.15 acres along Brice Road, a highly trafficked commercial corridor in Reynoldsburg, Ohio. The property is subject to a new 5-year lease with an established operator and includes renewal options, ensuring dependable cash flow and continuity for ownership. Offered at $980,000 with an 8.85% cap rate, the site provides a solid return profile for investors seeking stable income-generating assets.
The building benefits from excellent visibility and accessibility, located near the I-70 Brice Road interchange, a key east-west route offering smooth connectivity throughout the Columbus metropolitan area. With 120 on-site parking spaces and zoning under the Community Activity Center designation, the property is designed to support high-volume restaurant operations and customer convenience. Prominent pylon signage further enhances exposure. Owner financing may be available, creating additional flexibility for qualified buyers. This asset is well-suited for investors who value strong traffic counts, long-term tenancy, and adaptable retail positioning within a thriving suburban market.
The building benefits from excellent visibility and accessibility, located near the I-70 Brice Road interchange, a key east-west route offering smooth connectivity throughout the Columbus metropolitan area. With 120 on-site parking spaces and zoning under the Community Activity Center designation, the property is designed to support high-volume restaurant operations and customer convenience. Prominent pylon signage further enhances exposure. Owner financing may be available, creating additional flexibility for qualified buyers. This asset is well-suited for investors who value strong traffic counts, long-term tenancy, and adaptable retail positioning within a thriving suburban market.
Financial Summary (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$110,764
|
$19.91
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$110,764
|
$19.91
|
| Taxes |
$24,000
|
$4.31
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$24,000
|
$4.31
|
| Net Operating Income |
$86,764
|
$15.59
|
Financial Summary (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $110,764 |
| Annual Per SF | $19.91 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $110,764 |
| Annual Per SF | $19.91 |
| Taxes | |
|---|---|
| Annual | $24,000 |
| Annual Per SF | $4.31 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $24,000 |
| Annual Per SF | $4.31 |
| Net Operating Income | |
|---|---|
| Annual | $86,764 |
| Annual Per SF | $15.59 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,564 SF
Building Class
C
Year Built
1972
Price
$980,000
Price Per SF
$176.13
Cap Rate
8.85%
NOI
$86,764
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.16 AC
Zoning
CAC - Community Activity Center
Parking
120 Spaces (21.57 Spaces per 1,000 SF Leased)
Frontage
238’ on Brice Rd
Amenities
- Pylon Sign
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Jacob Gaus
- Accommodation and Food Services
- 5,564 SF
- -
- Modified Gross
- Apr 2026
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Jacob Gaus | Accommodation and Food Services | 5,564 SF | - | Modified Gross | Apr 2026 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 010-011165 | Total Assessment | $332,850 (2025) |
| Land Assessment | $122,500 (2025) | Annual Taxes | $24,000 ($4.31/SF) |
| Improvements Assessment | $210,350 (2025) | Tax Year | 2026 Payable 2026 |
Property Taxes
Parcel Number
010-011165
Land Assessment
$122,500 (2025)
Improvements Assessment
$210,350 (2025)
Total Assessment
$332,850 (2025)
Annual Taxes
$24,000 ($4.31/SF)
Tax Year
2026 Payable 2026
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2435 Brice Rd
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