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Property profile & analytics
OFF-MARKET Estimated value $860,000
Drive through restaurants

1775 Hilliard Rome Rd 1777 Hilliard, OH 43026-9469

4,680 SF 0.68 ac lot Built 1993
Entity Owned 1-yr Hold Free & Clear
Property ID
US66-1827447
Property summary
AI-generated overview

This exceptional investment opportunity presents two single-story buildings totaling 8,359 square feet, situated on a 1.26-acre lot in Hilliard, Ohio. The property is 100% occupied by three nationally recognized tenants: Krispy Kreme, Bibibop Asian Grill, and Charleys Philly Steak, all operating under a triple-net (NNN) lease structure. Built in 2021, the property includes a free-standing Krispy Kreme drive-thru and a multi-tenant building, offering a diverse and resilient tenant mix. The property boasts a strong 6.15% cap rate and a substantial net operating income (NOI) of $329,784. Located at the entrance to Tanglewood Plaza, a high-traffic power center attracting over 4 million visitors annually, this property benefits from exceptional visibility and convenient access to Interstate-70. The property features 55 parking spaces and rent bumps every five years. The zoning is C-Commercial, and the property is offered fee simple. This prime location in the rapidly growing Columbus MSA, with its strong demographics and significant corporate presence, makes this a compelling investment opportunity. The property's two parcels are separately deeded (APN: 560-307278-00, 560-224664-00). Lease details are available in the marketing package.

Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1993
Total area 4,680 SF
Lot 0.68 ac (29,490 SF)
APN 560-224664
UPID US66-1827447
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • BIBIBOP Asian Grill Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$905k
Blend (final) Blend
$860k
Owner & transaction history
1775 1781 Hilliard Rome Road LLC · 1 yrs held
1775 1781 Hilliard Rome Road LLC
since 2024
4 recorded transactions
2024
Price N/A
2022
Price N/A
2020
Price N/A
2014
$2.1M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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