5980 Hamilton Rd Columbus, OH 43081
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Retail properties & Spaces
Property Details for 5980 Hamilton Rd
- Year built
- 2023
- Lot size
- 1.14 lot acres
- Property size
- 3,278 SF
- Property type
- Retail properties & Spaces
Description
This exceptional investment opportunity presents a 3,278 square foot Café Zupas located in New Albany, Ohio, at 5980 N Hamilton Rd, 43081. The property sits on a 1.142-acre lot and is part of a thriving mixed-use development, Hamilton Quarter, boasting over 500,000 square feet of retail space and significant medical facilities. The 100% occupied, single-tenant building was constructed in 2023 and features a 15-year NNN ground lease with three 5-year options, commencing November 1, 2023, and expiring October 31, 2038. The lease includes a 10% rent increase every five years and during each option period. The current annual net operating income (NOI) is $180,000, representing a 5.35% cap rate and a price per square foot of $1,026.39. The asking price is $3,364,500. This prime location benefits from excellent visibility and accessibility at the intersection of Hamilton Road and SR-161, just two minutes from the New Albany International Business Park and five miles from Intel's new $28 billion manufacturing facility. The property's strong tenant, Café Zupas, recently received a $55 million investment for expansion, further solidifying its financial stability and long-term growth potential. This is a truly passive investment opportunity with significant upside potential due to the strategic location, strong tenant, and built-in rent escalations. The property's APN is 010-301247.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Columbus
- County
- Franklin
- State
- Ohio
- Longitude
- -82.8519
- Latitude
- 40.08
