Steak ‘n Shake | Ground Lease | Columbus, OH

Reduced
INVESTMENT OVERVIEW:
Ownership Type: Ground Lease
Price: $2,123,244
Cap Rate: 6.35%
NOI: $134,826
Rent Increases: Yes
Lease Type: Absolute NNN
Remaining Term: 10+ years
Renewal Options: Two, 5-years
Building Sq. Ft.: 3,700
Site Size: 1.36
INVESTMENT HIGHLIGHTS:
• Corporate-guaranteed lease
• 19-year operating history at the property
• Recently extended lease term showing commitment to the location
• Densely populated market
• Adjacent to Huntington Bank’s new 1,400 employee Operations Center
Price:$2,247,100
City:Columbus
State:OH
Zip Code:43231
Year Built:1998
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