Huey Magoo's 23601 US Hwy 23 S 2,418 SF Retail Building Circleville, OH 43113 $3,491,574 CAD ($1,443.99 CAD/SF) 6.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New Rare 20 Yr. Absolute NNN Lease with Huey Magoo’s - Just Opened October 2024
- Strong Multi-Tenant Franchisee - Exclusive Territory Rights to Columbus MSA - Long Time Operator
- One of Fastest Growing QSR Chains on East Coast - Named “The Filet Mignon of Chicken Tenders”
- High Profile Hard Corner PAD to Pickaway Crossing (ALDI Anchored) - Across from Walmart
- Suburb of Columbus (State Capital) - Voted #6 “Best Cities for Gen Z” 2022 - Huge Business Growth
- Strong Initial Sales Crushing Forecasts - 2024 Prototype with Drivethru - Underserved Market
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 Huey Magoo’s in Circleville, OH. The rapidly expanding brand has over 64 locations across 12 states, was voted best fried chicken in Florida by Yahoo, and was named in QSR magazine as “10 Hot Concepts Coming for the Chicken Crown”. The new 20-year absolute triple net lease includes four 5-year option periods, 8% rental increases and zero landlord responsibilities providing inflation resistant cash flows for a passive investor.
The 2,418 SF QSR building with drive-thru on large 1.13-acre parcel is strategically located on the hard corner signalized intersection of US-23 and Court Street Connector which sees over 29,000 VPD and benefits from excellent visibility and access. Nearby retailers include Walmart Supercenter, Tractor Supply, ALDI, Harbor Freight Tools, McDonald’s, Chipotle, O’Reilly Auto Parts, Sheetz and more.
The 2,418 SF QSR building with drive-thru on large 1.13-acre parcel is strategically located on the hard corner signalized intersection of US-23 and Court Street Connector which sees over 29,000 VPD and benefits from excellent visibility and access. Nearby retailers include Walmart Supercenter, Tractor Supply, ALDI, Harbor Freight Tools, McDonald’s, Chipotle, O’Reilly Auto Parts, Sheetz and more.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,418 SF
Building Class
C
Year Built
2020
Price
$3,491,574 CAD
Price Per SF
$1,443.99 CAD
Cap Rate
6.75%
NOI
$235,681 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.13 AC
Opportunity Zone
Yes
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | A05-0-151-00-020-02 | Improvements Assessment | $211,688 CAD |
| Land Assessment | $112,008 CAD | Total Assessment | $323,696 CAD |
