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5488 Cleveland Ave
Columbus, OH 43231

Steak 'n Shake | Abs NNN | DriveThru · Retail Property For Sale

Investment Highlights

  • 65 Years of Leasehold Ownership | Fully Depreciable Asset | Steak 'n Shake Scheduled Rental Increases
  • Located Along Prominent Retail Corridor | Across from Huntington National Bank HQ | Drive-Thru Equipped | Excellent Visibility & Access
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Strong Demographics in 5-Mile Trade Area

PROPERTY FACTS

Property Type
Retail
Property Subtype
Fast Food
Building Size
3,695 SF
Building Class
B
Year Built
1999
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
3.00 AC
Zoning
Commercial
Parking
48 Spaces (12.99 Spaces per 1,000 SF Leased)
Frontage
155 ft on Cleveland Ave

Amenities

  • Pylon Sign
  • Restaurant
  • Signage
  • Signalized Intersection
  • Drive Thru
  • Monument Signage

About 5488 Cleveland Ave , Columbus, OH 43231

The Steak ‘n Shake property is located at the signalized, hard corner intersection of Cleveland Ave and Northland Plaza Drive with over 24,600 vehicles passing by daily. In addition, the asset is less than half a mile from E. Dublin Granville Road/State Highway 161 (31,100 VPD), a primary retail thoroughfare that intersect with Cleveland Ave just north of the property. Steak ‘n Shake has a drive-thru lane providing ease and convenience for customers as well as unobstructed street frontage with a noticeable street side pylon sign making the store hard to miss. The store benefits from its prime location directly across the street from a Huntington National Bank corporate building and a brand new COTA Northland Transit Bus Stop, providing a direct consumer base from which to draw from. In addition, nearby national tenants include Harbor Freight Tools, Family Dollar, Ollie’s Bargain Outlet, and more, further increase consumer traffic and promoting crossover shopping synergy. The 5-mile trade area is supported by a population of over 294,700 with an average household income of nearly $78,500.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
600-157965
Land Assessment
$367,785
Improvements Assessment
$34,337
Total Assessment
$402,122
  • Listing ID: 17183215

  • Date on Market: 2019-09-12

  • Last Updated:

  • Address: 5488 Cleveland Ave, Columbus, OH 43231

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