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Another Broken Egg Cafe - Absolute NNN 8823 Owenfield Dr 5,040 SF Retail Building Powell, OH 43065 $4,060,151 CAD ($805.59 CAD/SF) 6.45% Cap Rate

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Investment Highlights

Brand New Rare 20 Yr. Absolute NNN Lease with Another Broken Egg Cafe - Opening Soon!
Experienced Multi Unit Operator Guarantee - Exclusive Territory Rights to Columbus MSA
One of Fastest Growing Breakfast/Lunch Concepts in U.S. (100+) - 10% Rent Rumps- Zero LL Duties

Irreplaceable PAD Site to Home Depot - Surrounded by Walmart/BJ’s Wholesale Club/Meijer
Suburb of Columbus (State Capital) - Voted #6 “Best Cities for Gen Z” - Huge Business Growth
Voted #2 “Best Breakfast 7 Bruch Spot” by Entrepreneur Magazine - Large 1.23 Acre Site

Executive Summary

The Snyder Carlton National Net Lease Team is pleased to offer to investors an excellent opportunity to acquire the single tenant absolute NNN leased Another Broken Egg Cafe in Powell, OH. Another Broken Egg Cafe operates over 100 restaurants across 15 states with nearly 100 additional locations in the development pipeline. This rapidly expanding franchise was named #2 in “Fast Growing Breakfast Chains You’re About to See Everywhere” (Eat This, Not That!) and #2 in “Breakfast and Brunch” by Entrepreneur (2021). The new triple net lease has a 20-year primary term with three 5-year option periods, zero landlord responsibilities and 10% rental increases every 5 years making this asset ideal for an investor seeking passive cash flows for years to come.
The newly renovated 5,068 SF building on 1.23-acre parcel is strategically positioned as a Home Depot outparcel with combined traffic counts exceeding 49,700 VPD. Nearby retailers Include Walmart Supercenter, The Home Depot, BJ’s Wholesale Club, Meijer, ALDI, Bank of America, Chase Bank, McDonald’s, Chipotle, Starbucks and more. The 1,200-acre Polaris Center of Commerce is only two miles from the subject property and is Columbus’ premier destination for shopping, dining, entertaining, working and living. Polaris Fashion Place, a 1.47MM SF super regional mall, sees over 10.3 million visitors annually and is one of the largest malls in the Midwest. Additionally, JPMorgan Chase recently completed renovations on their state-of-the-art 2 million SF Polaris Campus with over 12,000 employees.

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Restaurant

Building Size

5,040 SF

Building Class

Year Built/Renovated

2004/2024

Price

$4,060,151 CAD

Price Per SF

$805.59 CAD

Cap Rate

6.45%

NOI

$261,888 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.09

Lot Size

1.23 AC

Zoning

C-1

Parking

71 Spaces (14.09 Spaces per 1,000 SF Leased)

Frontage

203’ on Owenfield Drive

Air Conditioning

Retailer
-
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Jan 0000

Another Broken Egg Cafe began in 1996 in Old Mandeville, Louisiana, when founder Ron Green opened the first Broken Egg Cafe and later introduced the Another Broken Egg name in Destin, Florida. The company operates as a daytime restaurant chain centered on breakfast, brunch, and lunch, with chef-inspired Southern menu items, catering, takeout, delivery, and a full bar that includes cocktails, mocktails, mimosas, and bloody marys. Another Broken Egg Cafe has grown into a franchised system with more than 100 cafes across a broad U.S. footprint, with the system comprising 105 restaurants including both franchised and company-owned cafes.