Tim Hortons - 10 Year SLB — Sale in Columbus, OH

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Columbus, OH 43214

Photos

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Investment Figures

Cap rate
5.75%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Tim Hortons Inc. is a Canadian multinational coffeehouse and restaurant chain with headquarters in Toronto, serving coffee, donuts, sandwiches, breakfast egg muffins and other fast-food items. Founded in 1954 , the company has grown to be Canada’s largest quick-service restaurant chain, with 6,043 restaurants across 14 countries. Rensko Holdings is a multi-unit franchise operator that owns and operates over 140 Tim Hortons locations across the country. The brand operates under Restaurant Brands International (RBI), one of the world’s largest quick service restaurant holding companies alongside Burger King, Popeyes, and Firehouse Subs. Columbus is the capital and most populous city of the U.S. state of Ohio. The Columbus metro is composed of 10 counties and is best known as a college-centric city, but for a midsize community, it offers residents big-city amenities. The metro is home to major league sports teams, including the Blue Jackets of the NHL and the Columbus Crew of MLS. Investment Highlights: • Fee Ownership of Improvements Upon Ground Lease Expiration – 12/31/2031 • New 10-Year Absolute Triple Net-Lease from Close of Escrow, Four Five-Year Options at 10 Percent Increase • RBI Corporate Ground Rent Through 2031; More Than 140 Units Largest Franchisee Backing the Full Term • Morning Commuter Capture – 34,659 Cars per Day on Bethel Road Feeding the OH-315 Interchange at 118,327 Cars per Day • More Than 1,300 Apartment Units and Centennial High School Within Walking Distance • High Barrier to Entry Corridor in Columbus with Over 45,000 Vehicles per Day at Intersection • Established Bethel Road Retail Node – Wendy's, McDonald's, Starbucks, CVS, KeyBank and Olentangy Square • More Than 350,000 Residents Within Five Miles; $120,892 Average Household Income Within Three Miles

Market Context

This food service in Columbus, OH is listed for sale. It is offered at an approximate 5.8% capitalization rate, a key benchmark for income-producing food service assets. Compare it against other food service listings for sale in Columbus, OH — view the full market.

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