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2115 N Verity Pky
Middletown, OH 45042
Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Building Size
846 SF
Building Class
C
Year Built
1988
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
0.81 AC

ABOUT 2115 N VERITY PKY , MIDDLETOWN, OH 45042

Rally’s Hamburgers, “The Property” is comprised of a 714 sf building on 0.8 acres located in the heart of Middletown, OH. This prime location in a densely populated, vibrant retail corridor in which long time neighbors include other national brands such as McDonald’s, KFC, Taco Bell, Wendy’s, Pizza Hut, Subway and more. Built and Operating since 1988, this Rally’s restaurant has been a longtime staple serving the surrounding community. The Operator/Tenant performed a substantial renovation to the building in 2016 with cost in the vicinity of $150,000. Since the renovation there has been an annual increase in sales that has resulted in higher monthly/annual rent for the Landlord due to percentage rent payout in the lease. For many years the landlord collects only the percentage rent amount (6% of Sales) due to the success of the store. This location is the top performing store of the Tenant’s 4 units.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • Q6511-023-000-132
  • Q6511-023-000-121
Land Assessment
$22,880
Improvements Assessment
$30,340
Total Assessment
$53,220
  • Listing ID: 14265049

  • Date on Market: 11/2/2018

  • Last Updated:

  • Address: 2115 N Verity Pky, Middletown, OH 45042

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