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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

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.
More about this property
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