1590 Georgesville Sq Dr Columbus, OH 43228-3694
Property Lookup
Property profile & analytics
1590 Georgesville Sq Dr Columbus, OH 43228-3694
- Drive through restaurants
- 5,021 SF
- 1.29 lot acres
Property ID
US66-2416911
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Applebee's Grill + Bar / Restaurant
Property Details for 1590 Georgesville Sq Dr
- Year built
- 2000
- Lot size
- 1.29 lot acres
- Property size
- 5,021 SF
- Property type
- Drive through restaurants
- APN
- 010-240806
- APU
- 10240806
Description
This exceptional investment opportunity presents a fee-simple ownership of a 5,021 square foot Applebee's restaurant located at 1590 Georgesville Square Dr, Columbus, OH 43228. The property, built in 2000 and situated on a 1.289-acre lot, benefits from a prime location within Georgesville Square, a major shopping center anchored by Lowe's, Kroger, and AutoBoutique. The absolute NNN lease, guaranteed by RMH Franchise Holdings, Inc., the second largest Applebee's franchisee with over 130 units across 14 states, provides significant financial security. With a remaining lease term of 9.1 years (expiring 12/31/2033) and four 5-year options, the investment offers long-term stability. The lease includes 10% rent increases every five years, ensuring consistent growth in rental income. The property boasts a 6.55% cap rate and a Net Operating Income (NOI) of $131,028, making it an attractive addition to any portfolio. The asking price is $1,999,999, translating to a price per square foot of $398.33. The property's high visibility along Georgesville Road, a thoroughfare with over 34,000 vehicles daily, further enhances its investment potential. This single-tenant, single-story building offers a compelling combination of strong tenant performance, favorable lease terms, and a strategic location within a thriving retail environment. The property is currently 100% occupied.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,785,000
- ML approach
- $1,780,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Columbus
- County
- Franklin
- State
- Ohio
- Longitude
- -83.1218
- Latitude
- 39.9213
- CBSA code
- 18140
- CBSA name
- COLUMBUS, OH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$25,764
$212,420
$140,280
$352,700
-
$606,900
$400,800
$1,007,700
