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Gillig Winery & Hair Salon 1720 North Ridge Rd 6,760 SF 100% Leased Retail Building Findlay, OH 45840 $680,000 ($100.59/SF) 7.41% Cap Rate
INVESTMENT HIGHLIGHTS
- Located off I-75
- Ample parking to support larger events
- ~$500,000 in leasehold improvements
EXECUTIVE SUMMARY
Coldwell Banker Flag City represents a sale-leaseback opportunity situated just off of I-75 in Findlay, OH. The 6,760 SF facility is occupied by two businesses, divided between the two units in the single building.
The hair salon occupies 3,100 square feet of the building and is under lease until late 2026, which does NOT include property taxes, insurance, and maintenance. With the hair salon lease expiring soon, this provides an opportunity to generate more income by securing a new tenant at current market rates that would increase rental and net operating income.
The winery occupies 3,660 square feet of the building and would lease back with a 5-year term with options after the property conveys. The winery has invested ~$500,000 in leasehold improvements in recent years and is included in the sale of the real estate.
Neither the hair salon or winery business is included in the sale of real estate. However, the winery business could be acquired for an additional cost. More details including financials, equipment, and inventory can be provided to a prospective buyer upon signing a non-disclosure agreement.
The hair salon occupies 3,100 square feet of the building and is under lease until late 2026, which does NOT include property taxes, insurance, and maintenance. With the hair salon lease expiring soon, this provides an opportunity to generate more income by securing a new tenant at current market rates that would increase rental and net operating income.
The winery occupies 3,660 square feet of the building and would lease back with a 5-year term with options after the property conveys. The winery has invested ~$500,000 in leasehold improvements in recent years and is included in the sale of the real estate.
Neither the hair salon or winery business is included in the sale of real estate. However, the winery business could be acquired for an additional cost. More details including financials, equipment, and inventory can be provided to a prospective buyer upon signing a non-disclosure agreement.
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Sale Leaseback
Property Type
Retail
Building Size
6,760 SF
Building Class
C
Year Built/Renovated
1977/2011
Price
$680,000
Price Per SF
$100.59
Cap Rate
7.41%
NOI
$50,395
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
1.02 AC
Zoning
Commercial
Parking
32 Spaces (7.38 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 28-0000065941 | Total Assessment | $73,700 (2024) |
| Land Assessment | $10,400 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $63,300 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
28-0000065941
Land Assessment
$10,400 (2024)
Improvements Assessment
$63,300 (2024)
Total Assessment
$73,700 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Gillig Winery & Hair Salon | 1720 North Ridge Rd
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