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2986 London Groveport Rd
Grove City, OH 43123
Arby's · Retail Property For Sale
Investment Highlights
- Corporate Arby’s Lease – Established National Brand – Corporate Guaranteed QSR
- High-Performing Location – Ranked in the Top 38% for Arby’s Nationwide and Top 15% in Ohio (Placer.ai)
- Strong Growth in Columbus MSA – 2.2M+ Residents, $182B GDP
- Absolute NNN Lease – Passive Ownership – Scheduled Rent Increases
- High-Density Retail Corridor Along London Groveport Road – Dominant Grove City Node – Anchors, Hospitals & Schools
Executive Summary
Lee & Associates is pleased to exclusively offer for sale the fee simple interest in a corporate Arby’s located at 2986 London Groveport Road in Grove City, Ohio, within the Columbus MSA. The property consists of a 3,057-square-foot standalone quick-service restaurant with a drive-thru situated on approximately 0.98 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
Retail
Property Subtype
Building Size
3,057 SF
Year Built
2000
Price
$2,906,805 CAD
Price Per SF
$950.87 CAD
Cap Rate
6%
NOI
$174,436 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.98 AC
Amenities
- Signalized Intersection
Property Taxes
| Parcel Number | 040-010336 | Improvements Assessment | $255,655 CAD |
| Land Assessment | $246,734 CAD | Total Assessment | $502,389 CAD |
Property Taxes
Parcel Number
040-010336
Land Assessment
$246,734 CAD
Improvements Assessment
$255,655 CAD
Total Assessment
$502,389 CAD
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