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White Castle - Circleville, OH 24599 Us Highway 23 S 2,200 SF Retail Building Circleville, OH 43113 $628,000 ($285.45/SF) 7.01% Cap Rate
Investment Highlights
- Corporate Ground Lease Backed by White Castle: Guaranteed by White Castle System, Inc., a national QSR brand operating 345+ locations across 13 states
- ?3, 1-Year Options Remaining: White Castle has 3, 1-year option periods remaining, each starting July 1.
- ?High-Traffic US-23 Location: Positioned directly on US Highway 23, a primary north-south retail corridor with 29,000+ vehicles per day.
- Recently Exercised Option: White Castle recently exercised their option period, showing a strong continued commitment to this site and market.
- Proven Operating History Since 1999: White Castle has successfully operated at this location for over 25 years, demonstrating long-term commitment.
- ?Columbus MSA Location: Located approximately 20 miles south of Columbus.
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale the 2,200 SF White Castle located at 24599 US Highway 23 South in Circleville, Ohio, approximately 20 miles south of Columbus.? The property is secured by a corporate-guaranteed ground lease backed by White Castle System, Inc.?, which has successfully operated at this location since 1999.? Positioned directly on US Highway 23, the site offers strong visibility and access within the Columbus MSA.?
In Cooperation With ParaSell, Inc. , A Licensed Ohio Broker - Lic. #REC.2020005946 BoR: Scott Reid - Lic. OH #BRKP.2020001224
In Cooperation With ParaSell, Inc. , A Licensed Ohio Broker - Lic. #REC.2020005946 BoR: Scott Reid - Lic. OH #BRKP.2020001224
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,200 SF
Year Built
1999
Price
$628,000
Price Per SF
$285.45
Cap Rate
7.01%
NOI
$44,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.58 AC
Opportunity Zone
Yes
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- White Castle
- Accommodation and Food Services
- 2,200 SF
- $20.00
- Jul 2027
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| White Castle | Accommodation and Food Services | 2,200 SF | $20.00 | Jul 2027 |
Somewhat walkable
30/100
Very drivable
80/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | A34-0-001-00-299-03 | Improvements Assessment | $59,610 |
| Land Assessment | $33,130 | Total Assessment | $92,740 |
Property Taxes
Parcel Number
A34-0-001-00-299-03
Land Assessment
$33,130
Improvements Assessment
$59,610
Total Assessment
$92,740
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White Castle - Circleville, OH | 24599 Us Highway 23 S
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