Log In/Sign Up
Your email has been sent.
White Castle - Circleville, OH 24599 Us Highway 23 S 2,200 SF Retail Building Circleville, OH 43113 $957,658 CAD ($435.30 CAD/SF) 6.25% Cap Rate
Investment Highlights
- Guaranteed by White Castle System, Inc., a national QSR brand operating 345+ locations across 13 states.
- White Castle has successfully operated at this location for over 25 years, demonstrating long-term commitment.
- Located approximately 20 miles south of Columbus.
- White Castle has 4, 1-year option periods remaining, each starting July 1, with the potential to extend the lease through June 2030.
- Positioned directly on US Highway 23, a primary north-south retail corridor with 29,000+ vehicles per day, providing excellent visibility.
- White Castle, founded in 1921 and headquartered in Columbus, Ohio, is America’s first fast-food hamburger chain with over 100 years of operating.
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale the 2,200 SF White Castle located at 24599 US Highway 23 South in Circleville, Ohio, approximately 20 miles south of Columbus. The property is secured by a corporate-guaranteed ground lease backed by White Castle System, Inc., which has successfully operated at this location since 1999. Positioned directly on US Highway 23, the site offers strong visibility and access within the Columbus MSA.
In Cooperation With ParaSell, Inc. , A Licensed Ohio Broker - Lic. #REC.2020005946 BoR: Scott Reid - Lic. OH #BRKP.2020001224
In Cooperation With ParaSell, Inc. , A Licensed Ohio Broker - Lic. #REC.2020005946 BoR: Scott Reid - Lic. OH #BRKP.2020001224
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,200 SF
Year Built
1999
Price
$957,658 CAD
Price Per SF
$435.30 CAD
Cap Rate
6.25%
NOI
$59,854 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.58 AC
Opportunity Zone
Yes
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- White Castle
- Accommodation and Food Services
- 2,200 SF
- $27.21 CAD
- Jul 2026
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| White Castle | Accommodation and Food Services | 2,200 SF | $27.21 CAD | Jul 2026 |
Nearby Major Retailers
Property Taxes
| Parcel Number | A34-0-001-00-299-03 | Improvements Assessment | $81,088 CAD |
| Land Assessment | $45,067 CAD | Total Assessment | $126,155 CAD |
Property Taxes
Parcel Number
A34-0-001-00-299-03
Land Assessment
$45,067 CAD
Improvements Assessment
$81,088 CAD
Total Assessment
$126,155 CAD
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
White Castle - Circleville, OH | 24599 Us Highway 23 S
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.