White Castle – Circleville, OH

White Castle
24599 US Hwy 23 S, Circleville, OH 43113, USA

Sands Investment Group is pleased to exclusively offer for sale the 2,200 SF White Castle Ground Lease located at 24599 US Highway 23 South in Circleville, Ohio, approximately 20 miles south of Columbus. The property is secured by a corporate-guaranteed ground lease backed by White Castle System, Inc., which has successfully operated at this location since 1999. Positioned directly on US Highway 23, the site offers strong visibility and access within the Columbus MSA.

  • Corporate Ground Lease Backed by White Castle: Guaranteed by White Castle System, Inc., a national QSR brand operating 345+ locations across 13 states.
  • Four 1-Year Options Remaining: White Castle has 4, 1-year option periods remaining, each starting July 1, with the potential to extend the lease through June 2030.
  • Proven Operating History Since 1999: White Castle has successfully operated at this location for over 25 years, demonstrating long-term commitment.
  • High-Traffic US-23 Location: Positioned directly on US Highway 23, a primary north-south retail corridor with 29,000+ vehicles per day, providing excellent visibility and accessibility.
  • Columbus MSA Location: Located approximately 20 miles south of Columbus.
  • Established National Brand: White Castle, founded in 1921 and headquartered in Columbus, Ohio, is America’s first fast-food hamburger chain with over 100 years of operating history.

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

 

White Castle
24599 US Hwy 23 S, Circleville, OH 43113, USA

White Castle

White Castle, America’s first fast-food hamburger chain, has been making hot and tasty Sliders since 1921. Based in Columbus, Ohio, the family-owned business owns and operates about 340 restaurants as well as a retail division providing its famous fare in freezer aisles of retail stores nationwide. As part of its commitment to offering the highest quality products, White Castle owns and operates its own Slider Provider meat plants, bakeries and frozen-Slider retail plants. White Castle has earned numerous accolades over the years including Time magazine’s “Most Influential Burger of All Time” (2014, The Original Slider®) and Thrillist’s “Best Plant-Based Fast-Food Burger” (2019, Impossible™ Slider). In 2021, Fast Company named the fast-food pioneer one of the “10 Most Innovative Dining Companies.” White Castle received the Great Place to Work® Certification™ in 2021, 2022, 2023 and 2024, the only fast-food restaurant to earn this distinction four years in a row, and is known for the legendary engagement of its team members. White Castle is beloved by its passionate fans (Cravers), many of whom compete each year for entry into the Cravers Hall of Fame.

Price

$704,000

Cap Rate

6.25%

PREMISES

2,200 SF

YEAR BUILT

1999

RENEWAL OPTIONS

4 x 1 Year Options

Lease Expiration

07/01/2026

BROKERS

Jack Liberatore
Charleston
Clifton McCrory
Charleston

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