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Solid Ground LLC Sells Retail Property Occupied By Texas Roadhouse In Columbus For $3.2M
SOLD
$3,200,000
+ 2
Retail
Sold 06/10/2025
SOLD
Solid Ground LLC Sells Retail Property Occupied By Texas Roadhouse In Columbus For $3.2M
5870 Carnaby Way
See Similar DealsRetail
Sold 06/10/2025
+ 2
Summary
OHIO
Asset Type:Retail
Transaction Type:Sale
A retail property located at 5870 Carnaby Way in Columbus, OH, was sold for $3,200,000. The property is currently occupied by Texas Roadhouse and is secured by a new 10-year triple-net lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,200,000
- Seller: Solid Ground LLC
- Buyer: Delaware-based entity
- Brokers: Mark Ruble, Kahlil Barnard, Jordan Klink, Chris Lind & Zack House - Marcus & Millichap
The transaction was facilitated by Marcus & Millichap, which arranged the sale of the property. Jordan Klink and Kahlil Barnard represented the seller, Solid Ground LLC, while Chris Lind, Mark Ruble, and Zack House brought the buyer to the table.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$170,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,368.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,169.63
Annual Debt Service$182,035.59
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