1719 Hilliard Rome Rd Hilliard, OH
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New 20-year NNN lease Freddy's restaurant, opening January 2025.
Type:RETAIL
Property size:
2,900 SFLot size:
16.21 AcresPrice / SF:
$981/SF- Added:
- Dec 17, 2024
- Days on Market:
- 499
- Last Refresh:
- Apr 5 at 10:44 pm
Property Features for 1719 Hilliard Rome Rd
General Information
- Standard status
- Active
- Size
- 2,900 SF
- Lot size
- 16.21 Acres
- Property subtype
- RETAIL
Listing agent Justin Zahn (480) 718-5555
Listing office Commercial Investment Advisors (CIA) - Corporate (480) 718-5555
Listing date Dec 17, 2024
Source Moodyscre
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 Commercial Investment Advisors (CIA) - Corporate
Overview
New Freddy's Restaurant For Sale
This property features a brand-new, build-to-suit Freddy's restaurant of the latest prototype, slated to open in January 2025. The property is positioned on a large approximately 1.00-acre lot, as a pad site to Sam's Club. The restaurant includes an impressive 15-car stack in the drive-thru. The location benefits from high traffic counts and visibility on Hilliard Rome Rd, a main north/south thoroughfare in Hilliard, with traffic counts of 39,019 CPD. The surrounding area has affluent demographics, with a total population of 188,462 within a 5-mile radius and an average household income of $114,613 within a 1-mile radius. The property is under a long-term, 20-year absolute NNN lease with attractive 7.50% rental escalations every 5 years and four 5-year options to renew. The operator, RAM-Z Custard, LLC, owns and operates 69 locations, including 34 Freddy's restaurants, making it the 6th largest Freddy's franchisee in the U.S., and 35 Schlotzsky's locations, the largest Schlotzsky's franchisee in the country, including those currently under construction. All units back the performance of the lease.
Location Intelligence
Current Use by Public Records
Drive through restaurants
Location Insight
- Map
- Local Demand
- City
- Hilliard
- County
- Franklin
- State
- Ohio
- Longitude
- -83.1507
- Latitude
- 39.9838
Nearby Similar for Sale
FAQs
What type of property is this?
Drive through restaurant - New 20-year NNN lease Freddy's restaurant, opening January 2025.
Where is this drive through restaurant located?
The property is located at 1719 Hilliard Rome Rd Hilliard, OH.
What is the asking price?
The asking price for this property is $2,846,000.
What are key features of this property?
This property features: Brand new 20‑year absolute NNN lease with 7.50% rental escalations every 5 years and four 5‑year renewal options.; Located in a dominant retail corridor with high traffic counts (39,019 CPD) and excellent visibility on a ±1.00‑acre pad site next to Sam's Club.; Strong operator/tenant: RAM‑Z Custard, LLC, the 6th largest Freddy's franchisee and largest Schlotzsky's franchisee in the U.S.
