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8823 Owenfield Dr Powell, OH 43065

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NNN leased Another Broken Egg Cafe with zero landlord responsibilities.

Type:Retail
Property size:
5,068 SF
Lot size:
1.23 Acres
Added:
Nov 14, 2024
Days on Market:
516
Last Refresh:
Mar 17 at 1:14 pm

Property Features for 8823 Owenfield Dr

General Information

Standard status
Active
Size
5,068 SF
Lot size
1.23 Acres
Property subtype
Retail

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Listing Contact
Eric Carlton

Listing agent Eric Carlton License #CA 01809955

Listing office Colliers - Los Angeles - Orange County, California

Listing date Nov 14, 2024

Source Crexi

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


Overview

Powell, OH Restaurant Investment Opportunity

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.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Breakfast & diners

Map

City
Powell
County
Butler
State
Ohio
Longitude
-83.0808
Latitude
40.1701

FAQs

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.
More about this property
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