Drive-Thru Restaurant Redevelopment
For Sale
$1,300,000
1325 E Dublin Granville Road Columbus, Columbus, OH 43229
Multi-bay drive-thru building on a corner lot with 25 on-site parking spaces and dual entry points.
Property Size6,126 SF
Lot Size1.07 Acres
Price / SF$212.21
Days on Market65
Property Features for 1325 E Dublin Granville Road Columbus
General Information
Standard status
Active
Size
6,126 SF
Total Parking Spaces
25
Lot size
1.07 Acres
Zoning
CAC
Site & Location
Traffic Count
35,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$20,436
Amenities
No
1.06
6126.0
Building Details
Building Size
6,126 SF
Year Built
1971
Stories
1
Listed By:
Angela Rossiter
(740) 847-2541
Source:
Leonardandnewland
Added: Jul 10
Changed: Sep 11
Last Checked: Sep 12 at 4:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Angela Rossiter
Investment Insights
Based on property information with market context.
This sale opportunity includes an approximately 6,126-square-foot building on a 1.065-acre corner lot. The property features three (3) drive-thru bays and a finished basement with restrooms and multiple rooms. The main level includes counters, as well as office space and additional rooms.
The site sits on the SW corner of E. Dublin Granville Road (SR 161) and Satinwood Drive, positioned between I-71 and Karl Road. The location is described as a high-traffic corridor with over 35,000 VPD+ and provides quick access to I-71 exits, along with 25 on-site parking spaces and dual entry points for circulation.
Recent zoning changes are noted as expanding permitted uses to include a wide range of general commercial and retail options such as gas station, car wash, and QSR, along with auto parts/rentals.
The site sits on the SW corner of E. Dublin Granville Road (SR 161) and Satinwood Drive, positioned between I-71 and Karl Road. The location is described as a high-traffic corridor with over 35,000 VPD+ and provides quick access to I-71 exits, along with 25 on-site parking spaces and dual entry points for circulation.
Recent zoning changes are noted as expanding permitted uses to include a wide range of general commercial and retail options such as gas station, car wash, and QSR, along with auto parts/rentals.
Key Highlights
- 6,126 SF drive‑thru building on a 1.06‑acre corner lot at E. Dublin Granville Rd (SR 161) and Satinwood Dr
- Three (3) drive‑thru bays plus a finished basement with restrooms and multiple rooms
- Main level includes counters and office space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$88,920
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,778,400
$1.8M
Cap Rate 7%
$1,270,286
$1.3M
Cap Rate 9%
$988,000
$988.0K
Market Conditions
NOI Build-Up for 6,126 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$132.3K $21.60/SF
− Vacancy
−$5.3K −$0.86/SF
EGI
$127.0K $20.74/SF
− OpEx
−$38.1K −$6.22/SF
NOI
$88.9K $14.52/SF
Area
ZIP 43229
Vacancy
4.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,778,400
Cap Rate 7%
$1,270,286
Cap Rate 9%
$988,000
Alternative Uses
Best Use
Industrial
$1.27M
$1.11M – $1.48M
NOI $88,920 @ 7.0% cap · market cap 6.84%
Second Best
Specialty Retail
$947.1K
$828.7K – $1.10M
NOI $66,299 @ 7.0% cap · market cap 5.10%
Theoretical Best
Warehouse
$1.54M
$1.35M – $1.80M
NOI $107,974 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
35,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
797
Businesses Nearby
Explore this area
Business Placement
Demographics for 43229, OH
54,310
Population
23,290
Households
2.3
Avg Household Size
34
Median Age
24%
College-Educated
83%
High-School Grad
9.0 sq mi
ZIP Area
6,034
Density / Sq Mi
$53,430
Median Household Income
$35,181
Median Earnings
$1,082
Median Rent
$210,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Columbus, OH
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Multi-bay drive-thru building on a corner lot with 25 on-site parking spaces and dual entry points.
Where is this drive through restaurant located?
The property is located at 1325 E Dublin Granville Road Columbus Columbus, OH.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 6,126 SF drive‑thru building on a 1.06‑acre corner lot at E. Dublin Granville Rd (SR 161) and Satinwood Dr; Three (3) drive‑thru bays plus a finished basement with restrooms and multiple rooms; Main level includes counters and office space
