5839 Frantz Rd
Dublin, OH 43016
2018 Const.|High Sales|Corporate Lease|7% Cap · Retail Property For Sale

The Cooper Commercial Investment Group has been exclusively retained by ownership to sell the 100% fee simple interest in the single-tenant, up and coming restaurant, The Rail, location in the desirable and upscale community of Dublin/Columbus, Ohio. The property is being offered for $2,307,000, representing a 7.00% CAP Rate. The Rail, a gourmet burger bar known for championing creative American fare and Ohio craft brews continues to grow the popular concept and now has five locations. In fact, the owners of The Rail hand-picked this particular location for its concept expansion in the central Ohio market. The property’s lease commenced March 1, 2018 on a new 10-year NNN structure taking them out to 2028 with a mid-term rental increase during the term. The newer 2018 construction has an attractive, modern curb appeal on the outside and a contemporary interior design. The restaurants location in an irreplaceable Dublin location seconds from I-270 and in the retail mecca is a destination point to the surrounding community. The Dublin area is home to more than 3,000 businesses and known for its strict building requirements, making it a high barrier to entry community. The Rail is just a few minute drive to the new Bridge Park neighborhood. The new upscale community offers residents a mixed-use setting with luxury townhomes/apartments, retail, services and many other amenities. The restaurant is positioned directly in front of Karric Square Shopping Center, while being adjacent to Key Bank and across from Northbridge Plaza. The Rail is also positioned near the Mall at Tuttle Crossing, a highly recognizable regional shopping hub. The area is also flush with other complimentary retailers as well, including: Starbucks, Lowes, Dublin Village Center, Sun Center that is home to Whole Foods, Nordstrom Rack, DSW, Ashley Furniture, Michael’s, Panera Bread, Trader Joe’s, Old Navy, Five Below, Hobby Lobby, Mattress Firm, Petco and many more, along with other area retailers Party City, AMC Theatres, Honda of Dublin, Big Lots, Chipotle, Fresh Thyme Farmer’s Market and many more. The heavy concentration of other national retailers within a 1-mile radius makes the property one of the most desirable locations between the suburbs and the capital city of Columbus. The featured asset is surrounded by an economically strong residential community with average household incomes of over $113,000 and a whopping population of close to 218,000 residents within 5-miles. The Dublin School district is one of Ohio's highest achieving districts, rated recently as high as #2 in the State of Ohio. Dublin is home to the headquarters of a number of major companies, including Cardinal Health, IGS Energy, Stanley Steemer, Wendy's, OCLC, Pacer Intl. and MindLeaders. Other organizations with significant operations include Ashland Inc., Nationwide Insurance and Dublin Methodist Hospital, part of the OhioHealth system. The property sits immediately west of The Ohio State University Airport and conveniently located with direct access to I-270 which encircles Columbus and connects with other area highways including I-71, I-70, I-670 and Route 315, the direct route to Downtown. Additionally, The Ohio State University (7 miles) boasting more than 66,000 students and 28,000 faculty/staff is only a short commute away along with the state capital’s government provides a robust, stable economic base for all of Columbus. Coupling all of the attributes, the offering provides an investor a rare opportunity in today’s market to purchase a superior location, stable tenancy and curb appeal, poised to be a quality investment for many years to come. LOCATION OVERVIEW: Dublin, Ohio, is a progressive, well-educated and innovative city surrounding the Scioto River in the northwest area of metropolitan Columbus. The property is located less than a mile from I-270, the beltway loop freeway in the Columbus metropolitan area, commonly known locally as "The Outerbelt," or the "Jack Nicklaus Freeway." The western (and eastern) terminus of I-270 is at the junction with I-71, which starts in Cleveland, Ohio and runs south through the cities of Columbus, Cincinnati and ends in Louisville, Kentucky. I-270, along with I-670, provides access to John Glenn Columbus International Airport, located 19 miles from the property and a direct route to The Ohio State University, 7 miles away. Dublin has long been recognized as a premier community, not only locally, but also internationally. Dublin is home to more than 3,000 businesses and home to Ohio’s largest corporation, Cardinal Health – 21 on the Fortune 500 list. Dublin is also the headquarters of the Wendy’s Company, Ashland Inc. and OCLC. Dublin’s diverse and sound economic base provides the foundation for the present and future stability of the City. The city’s continued economic vitality is the result of quality development, strategic planning and aggressive efforts to attract and retain high-quality commercial development. Dublin also is known as a leader in municipal innovations, including tax increment financing, Dublink Broadband and green initiatives. Dublin’s healthy resources are necessary to keep pace with the city’s growth and the high quality of life enjoyed by Dublin’s corporate and residential citizens. The City annually hosts Jack Nicklaus’ PGA Tour Memorial Tournament at Muirfield Village Golf Club and one of the nation’s largest Irish cultural events – the Dublin Irish Festival. Dublin is home to three high schools that are consistently ranked among the top high schools in the country within a school system recently ranked #2 in the state. With 25 institutes of higher learning in Central Ohio, including Ohio University at Dublin, Columbus State’s Dublin Regional Learning Center and The Ohio State University in nearby Columbus, the region offers a pipeline to 115,000 college students and 20,000 annual graduates. Many residents in the area work in Downtown Columbus or one of its immediate suburbs (New Albany, Powell, Upper Arlington, Westerville, and Marysville). The Columbus area is said to be one of the best places to live in the U.S., according to CNN/Money Magazine. Since receiving that distinction, the accolades have continued to pile up. To the northwest of Dublin, Marysville is home to the headquarters for Scotts Miracle-Gro Company, the largest producer in the world of horticulture products. Scotts Miracle Gro has their R&D operations located on the 800-acre corporate campus, which employs more than 1,000 people. Marysville is also the location of major Honda operations, which employs more than 4,200 people at its 3.6 million square foot plant. The Columbus employment landscape shows that with the State of Ohio, The Ohio State University, and the United States Government accounting for an estimated 55,000 to 60,000 employees, combined with Columbus City Schools, the City of Columbus, and Franklin County, the estimated number swells to about 80k employees.