Powell, OH Restaurant Investment
For Sale
Contact for pricing
8823 Owenfield Dr, Powell, OH 43065
NNN leased Another Broken Egg Cafe with zero landlord responsibilities.
Property Size5,068 SF
Lot Size1.23 Acres
Price / SF$580.98
Days on Market653
Property Features for 8823 Owenfield Dr
General Information
Standard status
Active
Size
5,068 SF
Lot size
1.23 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Net Operating Income
$189,920
Building Details
Tenancy
Single
Listing Agency:
Colliers - Los Angeles - Orange County, California
(614) 436-9800
Listed By:
Eric Carlton · License #CA 01809955
Source:
Crexi
Added: Nov 14, 2024
Changed: Aug 25
Last Checked: Aug 25 at 8:01PM
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 - Los Angeles - Orange County, California
Investment Insights
Based on property information with market context.
This is an opportunity to acquire a single tenant, absolute NNN leased Another Broken Egg Cafe in Powell, OH. Another Broken Egg Cafe operates over 100 restaurants across 15 states with nearly 100 additional locations in the development pipeline. The rapidly expanding franchise was named #2 in “Fast Growing Breakfast Chains You’re About to See Everywhere” (Eat This, Not That!) and #2 in “Breakfast and Brunch” by Entrepreneur (2021). The new triple net lease has a 20-year primary term with three 5-year option periods, zero landlord responsibilities and 10% rental increases every 5 years. The newly renovated 5,068 SF building is on a 1.23-acre parcel and is strategically positioned as a Home Depot outparcel with combined traffic counts exceeding 49,700 VPD. Nearby retailers Include Walmart Supercenter, The Home Depot, BJ’s Wholesale Club, Meijer, ALDI, Bank of America, Chase Bank, McDonald’s, Chipotle, Starbucks and more. The 1,200-acre Polaris Center of Commerce is only two miles from the subject property and is Columbus’ premier destination for shopping, dining, entertaining, working and living. Polaris Fashion Place, a 1.47MM SF super regional mall, sees over 10.3 million visitors annually and is one of the largest malls in the Midwest. Additionally, JPMorgan Chase recently completed renovations on their state-of-the-art 2 million SF Polaris Campus with over 12,000 employees.
Key Highlights
- Absolute NNN lease with zero landlord responsibilities, providing passive income.
- 20‑year primary lease term with three 5‑year option periods, ensuring long‑term stability.
- 10% rental increases every 5 years, offering built‑in growth.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
384
Businesses Nearby
4k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Electronics 39%
Dining 31%
Shops & Services 29%
Verizon
Electronics
1,519 visits/mo
0.5 miles
Jet's Pizza
Dining
1,216 visits/mo
0.5 miles
Storage Rentals of America
Shops & Services
706 visits/mo
0.3 miles
Havoline Xpress Lube
Shops & Services
426 visits/mo
0.4 miles
Demographics for 43065, OH
44,829
Population
17,468
Households
2.6
Avg Household Size
41
Median Age
68%
College-Educated
98%
High-School Grad
28.1 sq mi
ZIP Area
1,595
Density / Sq Mi
$154,797
Median Household Income
$83,357
Median Earnings
$1,811
Median Rent
$451,700
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?
Breakfast & diner - NNN leased Another Broken Egg Cafe with zero landlord responsibilities.
Where is this breakfast & diner located?
The property is located at 8823 Owenfield Dr Powell, OH.
What is the asking price?
The asking price for this property is $2,944,400.
What are key features of this property?
This property features: Absolute NNN lease with zero landlord responsibilities, providing passive income.; 20‑year primary lease term with three 5‑year option periods, ensuring long‑term stability.; 10% rental increases every 5 years, offering built‑in growth.
