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    23601 Us Highway 23 Circleville, OH 43113

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    For Sale
    $2,975,000

    NNN leased quick service restaurant in Columbus, OH MSA.

    Property size:
    2,418 SF
    Lot size:
    1.13 Acres

    Property Features for 23601 Us Highway 23

    General Information

    Size
    2,418 SF
    Lot size
    1.13 Acres

    Source: Colliers | Columbus Agent Grant Chaney, CCIM

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

    Overview

    NNN Leased Restaurant with Drive-Thru

    This 2,418 square foot quick service restaurant building with a drive-thru is situated on a 1.13-acre parcel. The property is located at the hard corner signalized intersection of US-23 and Court Street Connector, which experiences over 29,000 vehicles per day, offering excellent visibility and access. The single-tenant property is leased to Huey Magoo’s, a rapidly expanding brand with over 64 locations across 12 states. The new 20-year absolute triple net lease includes four 5-year option periods and 8% rental increases. There are no landlord responsibilities. Nearby retailers include Walmart Supercenter, Tractor Supply, ALDI, Harbor Freight Tools, McDonald’s, Chipotle, O’Reilly Auto Parts, and Sheetz. The property is located in Circleville, OH, within the Columbus, OH MSA.
    Insight Report Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Circleville
    County
    Pickaway
    State
    Ohio
    Longitude
    -82.953978
    Latitude
    39.588222

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    FAQs

    What type of property is this?
    Drive through restaurant - NNN leased quick service restaurant in Columbus, OH MSA.
    Where is this drive through restaurant located?
    The property is located at 23601 Us Highway 23 Circleville, OH.
    What is the asking price?
    The asking price for this property is $2,975,000.
    What are key features of this property?
    This property features: - Absolute NNN lease with zero landlord responsibilities, providing passive income.; - New 20-year lease term with four 5-year option periods and 8% rental increases, offering inflation-resistant cash flow.; - Strategic location on a hard corner signalized intersection with high traffic volume (29,000 VPD) and excellent visibility.
    (614) 800-9707
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    23601 Us Highway 23 Circleville, OH 43113
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    23601 Us Highway 23
    Circleville, OH 43113
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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
    23601 Us Highway 23 Circleville, OH 43113
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