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11299 US Highway 250 N
Milan, OH 44846
Retail Property For Sale
Investment Highlights
- 31 year established tenant
- High traffic area close to highways - 16k VPD and 2K VPD on adjacent road
- Corporate guaranteed lease
- No other similar competing business in the area
Property Facts
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,305 SF
Building Class
C
Year Built/Renovated
1959/1990
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.62 AC
Parking
8 Spaces (6.13 Spaces per 1,000 SF Leased)
Frontage
215’ on State Route 250
Amenities
- Signage
About 11299 US HIGHWAY 250 N , MILAN, OH 44846
Great commercial investment opportunity with 9.5% cap rate. Subway has been a tenant of this building for nearly 30 years with a 5 year remaining lease in place. Great proximity to Ehove and the Ohio Turnpike. High traffic with over 16k vehicles per day on Milan Rd and 2k vehicles on adjacent Mason Rd. Additional vacant lot included. Modified NNN with lessor responsible for structure, roof, parking lot and sidewalks.
Property Taxes
| Parcel Numbers | Improvements Assessment | $36,155 | |
| Land Assessment | $91,633 | Total Assessment | $127,788 |
Property Taxes
Parcel Numbers
Land Assessment
$91,633
Improvements Assessment
$36,155
Total Assessment
$127,788
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