9825 Johnstown Road

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9825 Johnstown Road

New Albany, OH 43054
Asking Price
$2.47M
Cap Rate
5%
Asset Type
QSR/Fast Food Retail
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Retail quick-service restaurant property located in New Albany, Ohio.
  • Offered for sale at a price of 2,466,000 dollars.
  • Investment features a 13-year triple-net lease with Chipotle.
  • The property provides a 5 percent capitalization rate for investors.
  • Located at 9825 Johnstown Road in a growing regional market.

What's Special

This retail asset for sale in New Albany, Ohio, represents a stable investment for buyers seeking a long-term income stream in a growing suburban market. Situated at 9825 Johnstown Road, the property operates as a quick-service restaurant currently under a 13-year NNN lease agreement with Chipotle. New Albany serves as a significant economic hub in the region, home to major corporate operations and a high-growth population base that drives consistent consumer demand. The building layout is specifically designed to facilitate efficient food service operations for high-volume quick-service models. Its strategic placement within the local retail corridor ensures high visibility and steady traffic flow, making it an appropriate addition for a portfolio focused on single-tenant net-leased properties. Investors may appreciate the predictable cash flow structure associated with the existing corporate lease in this established Ohio submarket.

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NOI
$80,000
Cap Rate
3.24%
DSCR
0.55
Underwater
Cash-on-Cash
-8.98%
Monthly Payment
$12,200.423
Annual Cash Flow
$-66,405.07

Location & Travel Times