Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2550 Hamilton Rd Columbus, OH 43232

    Sponsored
    For Sale
    $1,550,000

    High-yield Tim Hortons investment. 8.5 years remaining.

    Property size:
    1,789 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a net-leased Tim Hortons restaurant located at 2550 S Hamilton Rd, Columbus, OH 43232. The property boasts 1,789 square feet on a 0.67-acre lot, situated on Route 317 in a high-traffic retail area, less than three-quarters of a mile from the I-70 on-ramp. The current lease has 8.5 years remaining, followed by three five-year renewal options, providing long-term stability. The property offers a strong 6.64% cap rate and a substantial net operating income (NOI) of $102,850, with a sale price of $1,550,000 ($866.41 per square foot). The tenant is a 10-unit franchisee, adding further security to this investment. This is a single-tenant, NNN lease, minimizing landlord responsibilities. The property's prime location and strong tenant history make it an attractive addition to any investment portfolio. This is a 100% occupied property offering a compelling return on investment.

    Property Features for 2550 Hamilton Rd

    General Information

    Property type
    Restaurants
    Square Feet
    1,789 SF
    Lot Size
    29,185 SF

    HighLights

    • Net‑leased Tim Hortons restaurant in high‑traffic Columbus, OH location.
    • 1,789 SF building on a 0.67‑acre lot, situated near I‑70.
    • 8.5 years remaining on the lease, plus three 5‑year options.
    • 6.64% cap rate and $102,850 NOI; $1,550,000 sale price ($866.41/SF).
    • NNN lease with a 10‑unit franchisee tenant, minimizing landlord responsibilities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Tim Hortons Coffee Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.8790741
    Latitude
    39.9246437

    Nearby Similar for Sale

    • $279,000
      0.15 Acres

      Historic Brick Duplex in Columbus

      Four-bedroom duplex in Old Oaks neighborhood, sold as-is.
      631-633 S Champion Ave, Columbus, OH 43205
      View Details
    • $217,500
      0.15 Acres

      Columbus Duplex with Renovation Potential

      2,340 sq ft duplex in Mt. Vernon neighborhood.
      515-517 N Champion Ave, Columbus, OH 43203
      View Details
    • $750,000
      0.10 Acres

      Updated Duplex Near Children's Hospital

      Updated duplex with modern finishes, ideal for investors or owner-occupants.
      240-242 S 18Th St, Columbus, OH 43205
      View Details
    • $600,000
      0.11 Acres

      Olde Towne East Duplex

      Duplex in vibrant neighborhood with hardwood floors and modern amenities.
      395-397 Stoddart Ave, Columbus, OH 43205
      View Details
    • $1,689,000
      0.12 Acres

      Unique Short Term Rental Property

      Unique short-term rental property near downtown Columbus and German Village.
      43-45 W Markison Ave, Columbus, OH 43207
      View Details
    • $598,000
      3,240 SF

      Minerva Park Office Building

      Two-story office building in Minerva Park with high visibility.
      2505 Woodley Rd, Columbus, OH 43231
      View Details
    • $309,900
      0.12 Acres

      Updated Duplex in Historic Franklinton

      Updated duplex with modern comfort and classic character in Franklinton.
      91-93 N Central Ave, Columbus, OH 43222
      View Details
    • $1,300,000
      0.14 Acres

      Dennison Place Multifamily Investment Opportunity

      Stunning duplex in a prime central location near OSU.
      422-420 W 6Th Ave, Columbus, OH 43201
      View Details
    • New
      $515,000
      0.11 Acres

      Columbus Duplex with Tax Abatement

      Large brick duplex with updates, tax abatement, and parking.
      163-165 N 18Th St, Columbus, OH 43203
      View Details
    • $260,000
      0.10 Acres

      Columbus Duplex Investment Opportunity

      Duplex in good condition, fully occupied, near downtown Columbus.
      151 S Wayne Ave, Columbus, OH 43204
      View Details
    • $299,900
      0.12 Acres

      Updated Duplex in Growing Neighborhood

      Modern duplex with rental potential near downtown Columbus.
      95-97 N Central Ave, Columbus, OH 43222
      View Details
    • $1,100,000
      0.13 Acres

      Renovated Multifamily Near Ohio State

      Renovated 7 bed, 4 bath house with four 1-bed apartments.
      2083 N 4Th St, Columbus, OH 43201
      View Details

    FAQs

    What type of property is this?
    Restaurant - High-yield Tim Hortons investment. 8.5 years remaining.
    Where is this restaurant located?
    The property is located at 2550 Hamilton Rd Columbus, OH.
    What is the asking price?
    The asking price for this property is $1,550,000.
    What are key features of this property?
    This property features: Net-leased Tim Hortons restaurant in high-traffic Columbus, OH location.; 1,789 SF building on a 0.67-acre lot, situated near I-70.; 8.5 years remaining on the lease, plus three 5-year options.
    Request Owner's contact information
    2550 Hamilton Rd Columbus, OH 43232
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2550 Hamilton Rd
    Columbus, OH 43232
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2550 Hamilton Rd Columbus, OH 43232
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.