8787 Owenfield Dr Powell, OH 43065
Property profile & analytics
8787 Owenfield Dr Powell, OH 43065
- Drive through restaurants
- 2,459 SF
- 0.84 lot acres
Property ID
US66-1606967
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
- Drive through restaurants
Property Details for 8787 Owenfield Dr
- Year built
- 2002
- Lot size
- 0.84 lot acres
- Property size
- 2,459 SF
- Property type
- Drive through restaurants
- APN
- 318-324-11-004-000
- APU
- 31832411004000
Description
This exceptional investment opportunity presents a fee-simple, absolute NNN leased Del Taco restaurant in Powell, Ohio. The 2,459 square foot building, featuring a drive-thru, sits on a 0.84-acre lot and enjoys a prime location as a Home Depot outparcel, benefiting from high traffic counts exceeding 49,700 vehicles per day. The property is surrounded by a strong retail mix including Walmart, BJ's Wholesale Club, and Meijer, further enhancing its visibility and accessibility. The 20-year lease, commencing October 17, 2024, and expiring October 31, 2044, includes three 5-year option periods and features 10% rent increases every five years, providing predictable and growing cash flow. The tenant, Del Taco, a subsidiary of Jack in the Box (NASDAQ: JACK), is the second-largest Mexican quick-service restaurant chain nationally, ensuring strong operational stability. The property's location within the Columbus MSA, a suburb voted #6 "Best Cities for Gen Z," benefits from significant business growth and a large consumer base. The 2024 prototype remodel incorporates a drive-thru, further optimizing operational efficiency. With a Net Operating Income (NOI) of $168,000 and a 5.35% cap rate, this Del Taco investment offers a compelling return on investment with minimal landlord responsibilities. The property's strategic location within the Polaris Center of Commerce, near a major super-regional mall and a large JPMorgan Chase campus, adds to its long-term value and growth potential. This is a rare opportunity to acquire a high-performing, passively managed asset with significant upside.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,525,000
- ML approach
- $1,525,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Powell
- County
- Delaware
- State
- Ohio
- Longitude
- -83.0203
- Latitude
- 40.1636
- 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
$23,947
$175,770
$135,770
$311,540
-
$502,200
$387,900
$890,100
