8380 N High St Columbus, OH 43235

This is a brand new construction completed in 2024. The property is under an absolute NNN ground lease with over 14 years remaining and zero landlord responsibilities. It is strategically positioned on a major commuter route (US-23) with direct frontage to 58,000+ vehicles per day at the signalized intersection with Lazelle, just to the north. The property is located in a high-density trade area with a 3-mile population of 84,000 and a 5-mile population of 227,000. The annual rent is $72,500, with a 12% increase in 4 years and every 5 years thereafter. The lease is guaranteed by a top-performing franchisee in Ohio with 22 units in operation and an additional 58 units planned over the next 5 years. The property is located 5 miles south of Delaware, one of Ohio’s fastest-growing cities. It is in close proximity to New Albany, Powell and Dublin. The property is backed by Orangewood Partners and co-located with one of Pacific Bells’ ~300 Taco Bell locations. The property is situated in an affluent submarket of Columbus MSA with an average household income of $149,000.