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White Castle - Circleville, OH 24599 Us Highway 23 S

2,200 SF Retail Building Circleville, OH 43113 £596,152 (£271/SF) 5.26% Net Initial Yield

Investment Highlights

  • Corporate Guaranteed Ground Lease With (5) 1-Year Options Remaining
  • The Property is Ideally Positioned on US-23, a High-Traffic Corridor With Over 29,000 VPD, Ensuring Excellent Visibility and Accessibility
  • Circleville, Ohio is Part of the Columbus MSA, With a Population of Over 20,000 Residents in a 5-Mile Radius
  • White Castle Has Demonstrated a Long-Term Commitment to This Location, Operating Here Continuously Since 1999
  • White Castle Has Over 345 Locations in 13 States
  • White Castle Was Founded in 1921 as America's First Fast- Food Hamburger Chain Based in Columbus, Ohio and Has Been in Business For More Than 98 Years

Executive Summary

Sands Investment Group is Pleased to Exclusively Offer For Sale the 2,200 SF White Castle Located at 24599 US Highway 23 South in Circleville, OH. This Deal Includes a Corporate Guaranteed Ground Lease With (5) 1-Year Options Remaining, Providing For a Secured Investment.

In Cooperation With ParaSell, Inc., A Licensed Ohio Broker - Lic. #REC.2020005946 BoR: Scott Reid - Lic. OH #BRKP.2020001224

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,200 SF
Year Built
1999
Price
£596,152
Price Per SF
£271
Net Initial Yield
5.26%
NOI
£31,376
Tenancy
Single
Number of Floors
1
Building FAR
0.09
Land Acres
0.58 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • White Castle
  • Accommodation and Food Services
  • 2,200 SF
  • £14.26
  • Jul 2025
Tenant Industry SF OCCUPIED RENT/SF Lease End
White Castle Accommodation and Food Services 2,200 SF £14.26 Jul 2025

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PROPERTY TAXES

Parcel Number A34-0-001-00-299-03 Improvements Assessment £46,759
Land Assessment £25,988 Total Assessment £72,746

PROPERTY TAXES

Parcel Number
A34-0-001-00-299-03
Land Assessment
£25,988
Improvements Assessment
£46,759
Total Assessment
£72,746
(843) 510-0551

  • Listing ID: 34075453

  • Date on Market: 04/12/2024

  • Last Updated:

  • Address: 24599 Us Highway 23 S, Circleville, OH 43113

The Retail Property at 24599 Us Highway 23 S, Circleville, OH 43113 is currently available For Sale. Contact Sands Investment Group for more information.

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© 2024 CoStar Group

White Castle - Circleville, OH | 24599 Us Highway 23 S
(843) 510-0551 x

White Castle - Circleville, OH | 24599 Us Highway 23 S

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Jack Liberatore

(843) 510-0551

(843) 510-0551

Clifton McCrory

(540) 255-5496

(540) 255-5496

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