1207 Mt Vernon Ave Marion, OH 43302-5624
- Drive through restaurants
- 0.67 lot acres
Feb 23, 2021
Current Use by Public Records
- Del Taco / Taco Restaurant / Fast Food Restaurant
Property Details for 1207 Mt Vernon Ave
- Year built
- 2021
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.67 lot acres
- Property type
- Drive through restaurants
- APN
- 12-442000.0400
- APU
- 124420000400
Description
This exceptional investment opportunity presents a fee-simple, 2,418 square-foot Del Taco restaurant located at 1207 Mt Vernon Ave, Marion, OH 43302. The property boasts a strong 6.00% cap rate and a substantial net operating income (NOI) of $178,964. Built in 2022, this single-tenant, triple-net (NNN) leased property offers a hands-off investment with minimal landlord responsibilities. The 20-year lease commenced May 31, 2023, leaving 18.5 years remaining. The franchisee, Sobremesa LLC, is an experienced operator with multiple restaurant locations in the Columbus, Ohio area, demonstrating a commitment to the market. Situated on 0.67 acres of land on heavily trafficked Mt. Vernon Avenue, with over 20,000 vehicles passing daily, this location benefits from high visibility and strong traffic counts. Del Taco's presence in the Columbus market, coupled with the franchisee's aggressive expansion plans, ensures a stable and potentially appreciating asset. This property is ideal for 1031 exchange investors seeking a secure, long-term investment with a proven track record. The property is 100% occupied and offers a compelling return on investment. The Del Taco brand is a publicly traded company (NASDAQ: TACO) with nearly 600 units across 15 states. This is a rare opportunity to acquire a high-performing, net-leased property in a growing market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Marion
- County
- Marion
- State
- Ohio
- Longitude
- -83.0971
- Latitude
- 40.5804
- CBSA code
- 32020
- CBSA name
- MARION, OH MICROPOLITAN STATISTICAL AREA
