Restaurant with Drive-Thru
For Sale
Contact for pricing
763 Chestnut St, Nelsonville, OH
2,010 SF restaurant with drive-thru for lease.
Property Size2,010 SF
Lot Size0.29 Acres
Price / SF$298.51
Days on Market270
Property Features for 763 Chestnut St
General Information
Standard status
Active
Size
2,010 SF
Lot size
0.29 Acres
Property subtype
RETAIL
Lease Type
NNN
Properties For Sale
at 763 Chestnut St Contact us- Floor
- Bldg
- Size
- 2,010 SF
- Type
- RETAIL
- Availability
- AVAILABLE, Now
- Sublease
- No
763 Chestnut St
- 2,010 SF second-generation restaurant with drive-thru available for lease
- Opportunity...
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Contact us
- Floor
- Bldg
- Size
- 2,010 SF
- Type
- RETAIL
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
- Sublease
- No
763 Chestnut St
Property Overview
- Free Standing Building with a Drive-Thru window
- 2.010 sf former...
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Contact us
Listing Agency:
Colliers | Columbus
(614) 593-6023
Listed By:
Gilli Zofan · License ##2017000450
(614) 593-6023
Source:
Moodyscre
Added: Nov 25, 2025
Changed: Aug 13
Last Checked: Aug 21 at 2:31PM
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 Colliers | Columbus
Investment Insights
Based on property information with market context.
A 2,010 SF second-generation restaurant with a drive-thru is available for lease. The property includes a spacious parking lot and a large pylon sign. It is located near Kroger Marketplace, Family Dollar, Peoples Bank, Sonic Drive-In, McDonalds, Domino's Pizza, Unified Bank, Los Mariachis Restaurant, Subway, and Dollar General. The property is located minutes from Ohio University and serves a population of over 70,000 people within a 15-mile radius.
Key Highlights
- Existing 2,010 SF second‑generation restaurant space with drive‑thru.
- Spacious parking lot and existing large pylon sign.
- High traffic location near Kroger Marketplace, Family Dollar, Peoples Bank, Sonic Drive‑In, McDonalds and other retailers.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,120
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$442,400
$442.4K
Cap Rate 7%
$316,000
$316.0K
Cap Rate 9%
$245,778
$245.8K
Market Conditions
NOI Build-Up for 2,010 SF
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.
Gross rent
$35.0K $17.40/SF
− Vacancy
−$5.5K −$2.73/SF
EGI
$29.5K $14.67/SF
− OpEx
−$7.4K −$3.67/SF
NOI
$22.1K $11.01/SF
Area
Athens County, OH
Vacancy
15.67%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$442,400
Cap Rate 7%
$316,000
Cap Rate 9%
$245,778
Alternative Uses
Best Use
Specialty Retail
$316.0K
$276.5K – $368.7K
NOI $22,120 @ 7.0% cap · market cap 3.69%
Second Best
Retail
$203.4K
$178.0K – $237.3K
NOI $14,238 @ 7.0% cap · market cap 2.37%
Theoretical Best
Office A
$459.1K
$401.7K – $535.6K
NOI $32,134 @ 7.0% cap · market cap 5.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
367
Businesses Nearby
63k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 39%
Shops & Services 28%
Groceries 26%
Home Improvements & Furnishings 6%
McDonald's
Dining
14,438 visits/mo
0.0 miles
Shop 'n Save
Groceries
10,905 visits/mo
0.1 miles
Circle K
Shops & Services
6,372 visits/mo
0.4 miles
Arby's
Dining
6,157 visits/mo
0.2 miles
Newton Falls IGA
Groceries
5,652 visits/mo
0.4 miles
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - 2,010 SF restaurant with drive-thru for lease.
Where is this drive through restaurant located?
The property is located at 763 Chestnut St Nelsonville, OH.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Existing 2,010 SF second‑generation restaurant space with drive‑thru.; Spacious parking lot and existing large pylon sign.; High traffic location near Kroger Marketplace, Family Dollar, Peoples Bank, Sonic Drive‑In, McDonalds and other retailers.
