1775 Hilliard Rome Rd 1777 Hilliard, OH 43026-9469
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.
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BIBIBOP Asian Grill Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.