1590 Georgesville Sq Dr Columbus, OH 43228-3694

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.