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1000 N Bridge St
Chillicothe, OH 45601
Tim Hortons | White Castle Ground Lease · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Tim Hortons & White Castle | Ground Leases With Zero Landlord Responsibilities
- White Castle Lease Features (4) Five-Year Renewal Options With 10% Rental Increases
- Over 37,000 People Within 5 Miles of Subject Property With An Average Household Income Exceeding $68,000
- Both Tenants Have Occupied The Site For Over 15 Years, Demonstrating Long-Term Commitment To The Location.
- Tim Hortons Has Occupied The Site Since 2004 and Has One Remaining Five-Year Renewal Option | 12.5% Increase
- Prime Retail Corridor Location Along Bridge Street with Traffic Counts Exceeding 30,000 Vehicles Per Day, Directly Across From Chillicothe Place
EXECUTIVE SUMMARY
Tim Hortons & White Castle | Ground Leases With Zero Landlord Responsibilities
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,283 SF
Building Class
B
Year Built
2008
Price
$2,020,000
Price Per SF
$615.29
Cap Rate
6%
NOI
$121,205
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.24 AC
Opportunity Zone
Yes
Zoning
RC - Regional Commercial
PROPERTY TAXES
| Parcel Number | 30-54-59-011.000 | Improvements Assessment | $195,030 |
| Land Assessment | $172,890 | Total Assessment | $195,030 |
PROPERTY TAXES
Parcel Number
30-54-59-011.000
Land Assessment
$172,890
Improvements Assessment
$195,030
Total Assessment
$195,030
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