Drive-Through Restaurant
2945 N NATIONAL RD, Columbus, IN 47201
For Sale
New
Contact for pricing
An existing restaurant building with a drive-through and signage sits within a CC commercial zoning designation.
Property Size2,836 SF
Lot Size1.11 Acres
Price / SF$387.87
Days on Market4
Property Features for 2945 N NATIONAL RD
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Corner Location
Drive-Thru
Highway Access
Road Access
Building Details
Buildings
Listing Agency:
Breeden Commercial
Listed By:
Tara James · License IN RB14038657
Source:
Crexi
Added: Nov 7
Changed: Nov 10
Last Checked: Nov 10 at 2:14PM
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 Breeden Commercial
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Investment Insights
Based on property information with market context.
The property includes a 2,836-square-foot building previously occupied by Wendy’s, with a drive-through and signage. The 1.11-acre site is designated CC (Commercial: Community), and the existing restaurant improvements provide a physical starting point for a food-service or retail use.
At 2945 N National Road in Columbus, the property has 256 feet of frontage on North National Road and 213 feet on Middle Road. Nexus Park is identified nearby. The site combines an existing building with substantial road frontage on two streets.
At 2945 N National Road in Columbus, the property has 256 feet of frontage on North National Road and 213 feet on Middle Road. Nexus Park is identified nearby. The site combines an existing building with substantial road frontage on two streets.
Key Highlights
- 2,836‑square‑foot building with a drive‑through
- 1.11‑acre site zoned CC (Commercial: Community)
- 256 feet of frontage on North National Road and 213 feet on Middle Road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,678
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$733,560
$733.6K
Cap Rate 7%
$523,971
$524.0K
Cap Rate 9%
$407,533
$407.5K
Market Conditions
NOI Build-Up for 2,836 SF
Gross rent
$51.0K $18.00/SF
− Vacancy
−$2.1K −$0.76/SF
EGI
$48.9K $17.24/SF
− OpEx
−$12.2K −$4.31/SF
NOI
$36.7K $12.93/SF
Area
Bartholomew County, IN
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$733,560
Cap Rate 7%
$523,971
Cap Rate 9%
$407,533
Alternative Uses
Best Use
Specialty Retail
$524.0K
$458.5K – $611.3K
NOI $36,678 @ 7.0% cap · market cap 3.33%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$548.3K
$479.7K – $639.6K
NOI $38,378 @ 7.0% cap · market cap 3.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
832
Businesses Nearby
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Business Placement
Demographics for 47201, IN
45,969
Population
20,924
Households
2.2
Avg Household Size
36
Median Age
36%
College-Educated
92%
High-School Grad
201.2 sq mi
ZIP Area
228
Density / Sq Mi
$82,667
Median Household Income
$46,243
Median Earnings
$1,159
Median Rent
$217,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Drive through restaurant - An existing restaurant building with a drive-through and signage sits within a CC commercial zoning designation.
Where is this drive through restaurant located?
The property is located at 2945 N NATIONAL RD Columbus, IN.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 2,836‑square‑foot building with a drive‑through; 1.11‑acre site zoned CC (Commercial: Community); 256 feet of frontage on North National Road and 213 feet on Middle Road
