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2453 Stringtown Rd
Grove City, OH 43123
Arby's · Retail Property For Sale
Investment Highlights
- Corporate Arby’s Lease – Established National Brand – Original 15-Year Lease
- High-Performing Location – Ranked in the Top 11% for Arby’s Nationwide and Top 15% in Ohio (Placer.ai)
- Strong Growth in Columbus MSA – Fast-Growing Metro – 5-Mile Population Near 150,000
- Absolute NNN Lease – Zero Landlord Responsibilities – Scheduled Rent Increases
- High-Density Retail Corridor Along Stringtown Road – Grove City’s Primary Retail Corridor – National Anchors
Executive Summary
Lee & Associates is pleased to exclusively offer for sale the fee simple interest in a corporate Arby’s located at 2453 Stringtown Road in Grove City, Ohio, within the Columbus MSA. The property consists of a 3,857-square-foot standalone quick-service restaurant with a drive-thru situated on approximately 0.80 acres. The property is leased to RTM Operating Company, LLC and backed by a corporate guaranty from Arby’s Restaurant Group, Inc. under an absolute net lease with no landlord responsibilities.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Building Size
3,857 SF
Building Class
B
Year Built/Renovated
1978/2018
Price
$3,160,530 CAD
Price Per SF
$819.43 CAD
Cap Rate
6%
NOI
$189,604 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.80 AC
Parking
45 Spaces (11.67 Spaces per 1,000 SF Leased)
Frontage
58’ on Stringtown Rd
Amenities
- Pylon Sign
- Signage
- Drive Thru
Property Taxes
| Parcel Number | 040-002312 | Improvements Assessment | $407,435 CAD |
| Land Assessment | $151,739 CAD | Total Assessment | $559,174 CAD |
Property Taxes
Parcel Number
040-002312
Land Assessment
$151,739 CAD
Improvements Assessment
$407,435 CAD
Total Assessment
$559,174 CAD
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