Columbus, OH 43240

Torchy's Tacos - 15 Year Lease

Property Address

1478 Gemini Place, Columbus, OH 43240, USA

Offering Summary

  • Price: $3,657,000
  • Lot Size: 0.96
  • Cap Rate: 5.00%
  • Year Built: 2022
  • Building SF: 3,450
  • Status: In Escrow
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  • Brand New 15 Year Absolute Triple-Net (NNN) Lease
  • 10% Rental Increases Every 5 Years with 2, 5-Year Renewal Options
  • 196,633 Residents within a 5-Mile Radius - Infill Columbus
  • Located in Prime Retail Corridor - Shared Ingress/Egress with Costco, Carfagna’s, Hobby Lobby, Burlington, Ross, Panda Express, & Burger King
  • Excellent Visibility at Signalized Corner Along Gemini Place (30,725 Cars/Day) with Immediate Connection to Interstate-71 (140,924 Cars/Day)
  • Adjacent to Polaris Fashion Place with Major National Retailers - Public Lands by Dick’s Sporting Goods, JCPenney, Macy’s, Von Maur, The Cheesecake Factory, and More
  • Columbus has Benefited from $40B in New Development Over the Past Decade
  • Close Proximity to John Glenn Columbus International Airport - Traffic Reached 8.6 Million Passengers in 2019

Broker Information