Listed by Marcus & Millichap - Encino
$1,499,000
NNN Tim Hortons in Columbus, OH - Largest Operator in the US
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 1,344
Cap Rate 6.83%
NOI $102,410
Occupancy 100%
Tenancy Single
Brand/Tenant Starbucks, Dunkin'
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 02/06/2034
Remaining Term 7.7
Rent Bumps Yes
Lease Options 3x5
Price per SqFt $1,115
Year Built 2018
Acreage 0.380
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 02/06/2019
Ownership Fee Simple
Zero Landlord Responsibilities | Dense Population | Busy Trade Area
Marketing description
This offering provides a truly passive investment with a long-term absolute NNN lease, zero landlord responsibilities and ensuring stable cash flow. The property is operated by the largest Tim Hortons franchisee in the U.S., offering strong operational backing and reliability from an experienced operator tied to a nationally recognized brand.
Located on a high-traffic, signalized corner in a dense retail corridor, the site benefits from excellent visibility, modern drive-thru construction, and strong surrounding demographics. Positioned in one of the brand’s strongest U.S. markets, the asset is well-supported by population growth and consistent quick-service demand.
Investment highlights
- LONG-TERM ABSOLUTE NNN LEASE: Absolute NNN structure provides truly passive ownership with zero landlord responsibilities
- EXPERIENCED FRANCHISE OPERATOR: Operated by the largest Tim Hortons franchisee in the U.S. (134 locations), offering operational strength and stability
- STRONG NATIONAL BRAND: Tim Hortons is an internationally recognized quick-service brand with a large and loyal customer base, recently acquired by RBI
- PRIME SIGNALIZED CORNER LOCATION: Situated on a high-traffic, signalized intersection with excellent visibility and multiple points of access
- MODERN CONSTRUCTION WITH DRIVE-THRU: Built in 2018 with a drive-thru, optimized for high-volume quick-service operations
- DENSE RETAIL CORRIDOR: Surrounded by national and regional retailers, driving strong daily traffic and consumer draw
- ROBUST DEMOGRAPHICS: Located in a rapidly growing metro with an expanding population and dense population base with strong household incomes supporting consistent quick-service demand
- ESTABLISHED MARKET PRESENCE: Columbus is one of the strongest Tim Hortons markets in the U.S., benefiting from brand density and regional familiarity
Listing Contacts
Listed by Marcus & Millichap - Encino
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$102,410.00
$8,534.17/mo
Valuation Metrics
0
DSCR
6.83%
Cap Rate
6.83%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Title
Is there information that looks off?
