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Torchy's Tacos
Asset ClassRetail
15-YR Absolute NNN Corporate Lease │ Outparcel to +500K SF Mixed-Use Center
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Overview

  • Asking Price: $3,774,000
  • Cap Rate: 5.30%
  • Annual Rent: $200,000
  • Acreage: 1.357 AC
  • Lease Type: Absolute NNN
  • Year Built: 2023
  • Lease Term: 15 Years
  • Options: Three (3) 5-year options
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Investment Highlights

ABSOLUTE NNN CORPORATE LEASE This absolute NNN corporate lease has 13 years remaining on the initial term and three (3) five-year options to renew.

 

ZERO LANDLORD RESPONSIBILITIES Torchy’s Tacos offers a compelling investment opportunity for passive investors, as the absolute NNN lease completely eliminates all landlord management responsibilities.

 

10% RENT BUMPS EVERY 5 YEARS This lease features 10% rent bumps every 5 years and in each renewal option, enhancing investor yield and providing a strong hedge against inflation.

 

PRIME OUTPARCEL TO +500,000 SF MIXED-USE DEVELOPMENT Torchy’s is an outparcel to Hamilton Quarter, a new mixed-use development that is ranked in the top 3% of shopping centers in Ohio and the top 7% in the United States. Featuring 250,000 SF of retail and the +250,000 SF Ohio State University Wexner Medical Center, Hamilton Quarter enjoys 5 million visits annually. Corporate headquarters for Big Lots and Washington Prime Group, as well as the Ohio Health New Albany Medical Campus are located just across from the center on Hamilton Road.

 

2 MINUTES FROM ONE OF THE LARGEST AND FASTEST GROWING BUSINESS PARKS IN U.S. The New Albany International Business Park is one of the largest strategically-planned business parks in the country and one of the fastest growing in the Midwest, providing jobs to more than 24,000 employees. Google, Abercrombie & Fitch, Amazon Web Services, Microsoft and Facebook are just a few of the companies located within the business park.

 

5 MILES FROM THE NEW +$28B INTEL MANUFACTURING PLANT Just 5 miles east of Hamilton Quarter, Intel is investing $28 billion to construct 2 new manufacturing factories, bringing +20,000 jobs and adding $2.8 billion to Ohio’s annual gross state product. Construction on the plants began in 2022.

 

EXCELLENT ACCESS & VISIBILITY Located at the Hamilton Road and SR-161 interchange, Torchy’s Tacos benefits from superior access and excellent visibility on this highly trafficked corner.

 

TRAFFIC COUNTS (ADT) SR-161 - 98,024 Hamilton Rd.- 21,364

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6042 N Hamilton RdWesterville, OH 43081
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Listing provided by Revere CRE