Turnkey Charleys Restaurant
For Sale
$550,000
1777 Hilliard Rome Rd, Hilliard, OH 43026
Fully built-out Charleys Cheesesteaks & Wings restaurant space with existing kitchen infrastructure along a high-traffic retail corridor.
Property Size2,049 SF
Days on Market95
Property Features for 1777 Hilliard Rome Rd
General Information
Standard status
Active
Size
2,049 SF
Property subtype
Retail
Additional Details
Business Included
Yes
Building Details
Building Size
2,049 SF
Year Built
1993
Listing Agency:
Passov Real Estate Group
Listed By:
Austin Loconti · License #SAL2017000328
(216) 970-5122
Source:
Passovgroup
Added: Jul 18
Changed: Oct 13
Last Checked: Oct 19 at 5:34AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,241
Cap Rate
5.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$584,820
$584.8K
Cap Rate 7%
$417,729
$417.7K
Cap Rate 9%
$324,900
$324.9K
Market Conditions
NOI Build-Up for 2,049 SF
Gross rent
$40.1K $19.56/SF
− Vacancy
−$1.1K −$0.53/SF
EGI
$39.0K $19.03/SF
− OpEx
−$9.7K −$4.76/SF
NOI
$29.2K $14.27/SF
Area
Franklin County, OH
Vacancy
2.72%
Lease Rate
$19.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$584,820
Cap Rate 7%
$417,729
Cap Rate 9%
$324,900
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 authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
612
Businesses Nearby
1.1M
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 28%
Shops & Services 19%
Apparel 18%
Superstores 18%
Sam's Club
Superstores
103,196 visits/mo
0.1 miles
Meijer
Groceries
95,386 visits/mo
0.2 miles
Target
Superstores
93,432 visits/mo
0.3 miles
Kohl's
Apparel
56,234 visits/mo
0.3 miles
Chick-fil-A
Dining
47,412 visits/mo
0.3 miles
Demographics for 43026, OH
64,607
Population
25,671
Households
2.5
Avg Household Size
35
Median Age
55%
College-Educated
96%
High-School Grad
35.3 sq mi
ZIP Area
1,830
Density / Sq Mi
$110,369
Median Household Income
$59,770
Median Earnings
$1,430
Median Rent
$324,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Supreme Buffet & Hibachi — 1323 W St James Lutheran Ln, Columbus, OH 43228
Frequently Asked Questions
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
