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Another Broken Egg Cafe - Absolute NNN 8823 Owenfield Dr 5,040 SF Retail Building Powell, OH 43065 $2,944,400 ($584.21/SF) 6.45% Cap Rate
Investment Highlights
- Brand New Rare 20 Yr. Absolute NNN Lease with Another Broken Egg Cafe - Opening Soon!
- Experienced Multi Unit Operator Guarantee - Exclusive Territory Rights to Columbus MSA
- One of Fastest Growing Breakfast/Lunch Concepts in U.S. (100+) - 10% Rent Rumps- Zero LL Duties
- Irreplaceable PAD Site to Home Depot - Surrounded by Walmart/BJ’s Wholesale Club/Meijer
- Suburb of Columbus (State Capital) - Voted #6 “Best Cities for Gen Z” - Huge Business Growth
- Voted #2 “Best Breakfast 7 Bruch Spot” by Entrepreneur Magazine - Large 1.23 Acre Site
Executive Summary
The Snyder Carlton National Net Lease Team is pleased to offer to investors an excellent opportunity to acquire the single tenant absolute NNN leased Another Broken Egg Cafe in Powell, OH. Another Broken Egg Cafe operates over 100 restaurants across 15 states with nearly 100 additional locations in the development pipeline. This rapidly expanding franchise was named #2 in “Fast Growing Breakfast Chains You’re About to See Everywhere” (Eat This, Not That!) and #2 in “Breakfast and Brunch” by Entrepreneur (2021). The new triple net lease has a 20-year primary term with three 5-year option periods, zero landlord responsibilities and 10% rental increases every 5 years making this asset ideal for an investor seeking passive cash flows for years to come.
The newly renovated 5,068 SF building on 1.23-acre parcel is strategically positioned as a Home Depot outparcel with combined traffic counts exceeding 49,700 VPD. Nearby retailers Include Walmart Supercenter, The Home Depot, BJ’s Wholesale Club, Meijer, ALDI, Bank of America, Chase Bank, McDonald’s, Chipotle, Starbucks and more. The 1,200-acre Polaris Center of Commerce is only two miles from the subject property and is Columbus’ premier destination for shopping, dining, entertaining, working and living. Polaris Fashion Place, a 1.47MM SF super regional mall, sees over 10.3 million visitors annually and is one of the largest malls in the Midwest. Additionally, JPMorgan Chase recently completed renovations on their state-of-the-art 2 million SF Polaris Campus with over 12,000 employees.
The newly renovated 5,068 SF building on 1.23-acre parcel is strategically positioned as a Home Depot outparcel with combined traffic counts exceeding 49,700 VPD. Nearby retailers Include Walmart Supercenter, The Home Depot, BJ’s Wholesale Club, Meijer, ALDI, Bank of America, Chase Bank, McDonald’s, Chipotle, Starbucks and more. The 1,200-acre Polaris Center of Commerce is only two miles from the subject property and is Columbus’ premier destination for shopping, dining, entertaining, working and living. Polaris Fashion Place, a 1.47MM SF super regional mall, sees over 10.3 million visitors annually and is one of the largest malls in the Midwest. Additionally, JPMorgan Chase recently completed renovations on their state-of-the-art 2 million SF Polaris Campus with over 12,000 employees.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,040 SF
Building Class
B
Year Built/Renovated
2004/2024
Price
$2,944,400
Price Per SF
$584.21
Cap Rate
6.45%
NOI
$189,920
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.23 AC
Zoning
C-1
Parking
71 Spaces (14.09 Spaces per 1,000 SF Leased)
Frontage
203’ on Owenfield Drive
Amenities
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
-
Jan 0000
Another Broken Egg Cafe began in 1996 in Old Mandeville, Louisiana, when founder Ron Green opened the first Broken Egg Cafe and later introduced the Another Broken Egg name in Destin, Florida. The company operates as a daytime restaurant chain centered on breakfast, brunch, and lunch, with chef-inspired Southern menu items, catering, takeout, delivery, and a full bar that includes cocktails, mocktails, mimosas, and bloody marys. Another Broken Egg Cafe has grown into a franchised system with more than 100 cafes across a broad U.S. footprint, with the system comprising 105 restaurants including both franchised and company-owned cafes.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | Jan 0000 |
Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 318-324-11-005-000 | Improvements Assessment | $373,100 |
| Land Assessment | $291,800 | Total Assessment | $664,900 |
Property Taxes
Parcel Number
318-324-11-005-000
Land Assessment
$291,800
Improvements Assessment
$373,100
Total Assessment
$664,900
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