1072 Ashland Rd
Mansfield, OH 44905
Tim Hortons · Retail Property For Sale

Marcus & Millichap, on behalf of Ownership as its exclusive advisor, is pleased to offer for sale the 100% fee simple interest in the recently constructed, build-to-suit, Tim Horton’s retail property located at 1072 Ashland Road, Mansfield, Ohio 44905 (the “Property”). Build-to-suit for Tim Horton’s franchisee in 2017, the Property comprises a +/- 1,980 SF building on an attractive +/- .98-acre parcel, that is strategically positioned to be visible and convenient to a combined 21,000 vehicles per day at the signalized intersection of Ashland Road & Stewart Road and only 3 miles from US Interstate 71, with over 68,000 vehicles daily. The Property benefits from it’s visibility, accessibility, and drive-thru retail location in a strong commercial and residential area along Ashland Road, an area surrounded by over 23,000 households within 5 miles. The population in 2018 was 108,048 people with an average HH Income of $59,123 within 10 miles of the property and a daytime population of 110,500 people. The building is 100 percent occupied by Tim Horton’s franchise with 35 stores plus 3 Jimmy John’s locations. Built in 2017, subject to original 15 year lease term and 10% rental increases every 5 years, the tenant guarantor is Hill-RSSUM Holdings, LLC.