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    55 Meadow Park Ave Lewis Center, OH 43035

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    For Sale
    $3,235,000

    New construction retail property with long-term lease and drive-thru.

    Property size:
    5,167 SF
    Lot size:
    12.57 Acres

    Property Features for 55 Meadow Park Ave

    General Information

    Size
    5,167 SF
    Lot size
    12.57 Acres

    Source: Marcus & Millichap | Phoenix Agent Mark Ruble

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New Retail Property For Sale

    This is a newly constructed retail property featuring a 15-year absolute triple-net (NNN) ground lease. Constructed in 2024, the high-quality building includes two drive-thru lanes. The lease incorporates 10% rental increases every five years. The property is located on a signalized hard corner within a busy retail corridor. Anchor tenants in the surrounding area include Meijer, The Home Depot, Walmart, Kohl's, Floor & Decor, and BJ's Wholesale. The property size is 5,167 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Giant Eagle Pharmacy Pharmacy Powell Center Shopping Mall Amazon Hub Locker ... Mailing Service Western Union Money Transfer Service Spirit Halloween Costume Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lewis Center
    County
    Delaware
    State
    Ohio
    Longitude
    -83.0172411
    Latitude
    40.1601891

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    FAQs

    What type of property is this?
    Drive through restaurant - New construction retail property with long-term lease and drive-thru.
    Where is this drive through restaurant located?
    The property is located at 55 Meadow Park Ave Lewis Center, OH.
    What is the asking price?
    The asking price for this property is $3,235,000.
    What are key features of this property?
    This property features: - Brand new 15-year absolute triple-net (NNN) ground lease; - **Signalized hard corner location** along a busy retail corridor; - Anchored by Meijer, The Home Depot, Walmart, Kohl's, Floor & Decor, and BJ's Wholesale
    (602) 770-2935
    Request Owner's contact information
    55 Meadow Park Ave Lewis Center, OH 43035
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    Lewis Center, OH 43035
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    55 Meadow Park Ave Lewis Center, OH 43035
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