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Restaurant

Redlands Grill

7550 Vantage Dr, Columbus, OH 43235

Listing Price: $5,650,000

Cap Rate
5.75%
Tenant Name
J. Alexander's
Years Remaining On Lease
19.8
Guarantor
Corporate Guarantee
Rentable SF
7,917
Lease Type
Absolute Net
Rent Per Square Feet
$41.05

Investment Overview

- Located within a main retail hub - just off Highway 23 (VPD ±23,000) - Neighboring tenants include Quality Inn & Suites, Pastimes Pub, Woodys Wing House, Bob Evans, J. Gilbert’s, Hyatt Place, Red Roof Plus and more - Less than one mile from Interstate 270 - a main beltway loop within the Columbus MSA

Investment Highlights

  • New 20-Year Absolute NNN Lease
  • Corporate Lease with J. Alexander's, LLC
  • Attractive Annual 1.5% Rent Increases for the First 5 Years, and 7.5% Increases every 5 years thereafter

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s) OH: BRK.2007005898

    Ohio

Restaurant

Redlands Grill

Listing Price: $5,650,000

Cap Rate
5.75%
Tenant Name
J. Alexander's
Years Remaining On Lease
19.8
Guarantor
Corporate Guarantee
Rentable SF
7,917
Lease Type
Absolute Net
Rent Per Square Feet
$41.05

Investment Highlights

  • New 20-Year Absolute NNN Lease
  • Corporate Lease with J. Alexander's, LLC
  • Attractive Annual 1.5% Rent Increases for the First 5 Years, and 7.5% Increases every 5 years thereafter

Investment Overview

- Located within a main retail hub - just off Highway 23 (VPD ±23,000) - Neighboring tenants include Quality Inn & Suites, Pastimes Pub, Woodys Wing House, Bob Evans, J. Gilbert’s, Hyatt Place, Red Roof Plus and more - Less than one mile from Interstate 270 - a main beltway loop within the Columbus MSA

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s): OH: BRK.2007005898

    Ohio

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