Two-Building Retail
For Sale
$1,290,844
731 Columbus Avenue, Lebanon, OH 45036
Two retail buildings include Hot Head Burritos and Little Caesars, with additional space available for lease.
Property Size4,768 SF
Lot Size1.25 Acres
Price / SF$270.73
Days on Market66
Property Features for 731 Columbus Avenue
General Information
Standard status
Active
Size
4,768 SF
Lot size
1.25 Acres
Property subtype
Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
6.7%
Building Details
Building Size
4,768 SF
Tenancy
Multi
Listing Agency:
NAI Bergman
Listed By:
Hayden Batchelor · License #OH #SAL.2021004901
(513) 823-0068
Source:
Naiglobal
Added: Jul 3
Changed: Aug 16
Last Checked: Sep 5 at 6:19AM
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 NAI Bergman
Investment Insights
Based on property information with market context.
This offering consists of two separate retail buildings on approximately 1.25 acres, totaling 4,768 square feet. One building is completely occupied by Hot Head Burritos. The second building is partly occupied by Little Caesars Pizza and includes an additional 1,495 square feet available for rent.
Located along Columbus Avenue (US-42) in Lebanon, Ohio, the property is positioned to benefit from high visibility and convenient access. Access is noted via SR-48, SR-63, and I-71.
The asking price is $1,290,844. Pro-forma CAP is 8.5% assuming 100% leased, and current CAP is 6.7% as-is occupancy.
Located along Columbus Avenue (US-42) in Lebanon, Ohio, the property is positioned to benefit from high visibility and convenient access. Access is noted via SR-48, SR-63, and I-71.
The asking price is $1,290,844. Pro-forma CAP is 8.5% assuming 100% leased, and current CAP is 6.7% as-is occupancy.
Key Highlights
- Two separate retail buildings totaling 4,768 SF on approximately 1.25 AC in Lebanon’s retail corridor
- Hot Head Burritos occupies one building (completely occupied)
- Little Caesars Pizza occupies part of the second building; additional 1,495 SF is available for rent
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
195
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 45036, OH
41,060
Population
15,036
Households
2.7
Avg Household Size
39
Median Age
32%
College-Educated
92%
High-School Grad
81.2 sq mi
ZIP Area
506
Density / Sq Mi
$97,944
Median Household Income
$51,565
Median Earnings
$1,090
Median Rent
$317,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Two retail buildings include Hot Head Burritos and Little Caesars, with additional space available for lease.
Where is this conventional restaurant located?
The property is located at 731 Columbus Avenue Lebanon, OH.
What is the asking price?
The asking price for this property is $1,290,844.
What are key features of this property?
This property features: Two separate retail buildings totaling 4,768 SF on approximately 1.25 AC in Lebanon’s retail corridor; Hot Head Burritos occupies one building (completely occupied); Little Caesars Pizza occupies part of the second building; additional 1,495 SF is available for rent
