Turnkey Charleys Restaurant
1777 Hilliard Rome Rd Hilliard, OH 43026
1777 Hilliard Rome Rd, Hilliard, OH, 43026
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For Sale
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Fully built-out Charleys Cheesesteaks & Wings restaurant space with existing kitchen infrastructure along a high-traffic retail corridor.
Property Size2,049 SF
Price / SF$268.42
Days on Market138
Property Features for 1777 Hilliard Rome Rd
General Information
- Standard status
- Active
- Size
- 2,049 SF
- Property subtype
- Business for Sale
Building Details
- Year Built
- 1993
Listing agency
Passov Real Estate Group
(216) 970-5122
Listed by
Austin Loconti · License #SAL 2017000328
Source
Crexi
Added: Mar 5 Updated: Jul 20 at 10:49PM Checked: Jul 20 at 10:49PM
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 Passov Real Estate Group
Investment Insights
Based on property information with market context.
1777 Hilliard Rome Road offers a fully built-out Charleys Cheesesteaks & Wings restaurant space with existing kitchen infrastructure in place, designed for a turnkey operation. The opportunity includes a prepared interior for restaurant use, supporting immediate occupancy and continued food service operations.
The property is located along the Hilliard-Rome Road corridor with excellent frontage and access to Interstate 70 for both local residents and commuter traffic. The surrounding area is described as a well-established retail and service hub with national retailers including Target, Kohl’s, Aldi, and Old Navy, as well as quick-service restaurants such as Chick-fil-A and McDonald’s.
The remarks also note continued area growth, including the TruePointe mixed-use development and the Hill Farm expansion proposing approximately 300 new homes, along with nearby West70 Logistics Center contributing to increased daytime population.
The property is located along the Hilliard-Rome Road corridor with excellent frontage and access to Interstate 70 for both local residents and commuter traffic. The surrounding area is described as a well-established retail and service hub with national retailers including Target, Kohl’s, Aldi, and Old Navy, as well as quick-service restaurants such as Chick-fil-A and McDonald’s.
The remarks also note continued area growth, including the TruePointe mixed-use development and the Hill Farm expansion proposing approximately 300 new homes, along with nearby West70 Logistics Center contributing to increased daytime population.
Key Highlights
- Fully built‑out Charleys Cheesesteaks & Wings restaurant space with existing kitchen infrastructure
- Built in 1993
- Located along the highly traveled Hilliard‑Rome Road corridor with strong daily traffic and prominent frontage
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.1k | $19.56 |
| − Vacancy | −$1.1k | −$0.53 |
| EGI | $39.0k | $19.03 |
| − OpEx | −$9.7k | −$4.76 |
| NOI | $29.2k | $14.27 |
2,049 SF · lease $19.56/SF/yr · vacancy 2.72% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$417.7K
$365.5K – $487.4K
NOI $29,241 @ 7.0% cap · market cap 5.32%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Charleys Cheesesteaks and Wings
Take-out & Catering
Similar For Sale Nearby
Similar Off Market Nearby
- Supreme Buffet & Hibachi — 1323 W St James Lutheran Ln, Columbus, OH 43228
FAQs
What type of property is this?
Conventional restaurant - Fully built-out Charleys Cheesesteaks & Wings restaurant space with existing kitchen infrastructure along a high-traffic retail corridor.
Where is this conventional restaurant located?
The property is located at 1777 Hilliard Rome Rd Hilliard, OH.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Fully built‑out Charleys Cheesesteaks & Wings restaurant space with existing kitchen infrastructure; Built in 1993; Located along the highly traveled Hilliard‑Rome Road corridor with strong daily traffic and prominent frontage
