This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
2115 N Verity Pky
Middletown, OH 45042
Retail Property For Sale
PROPERTY FACTS
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
| Parcel Numbers | Improvements Assessment | $30,340 | |
| Land Assessment | $22,880 | Total Assessment | $53,220 |
PROPERTY TAXES
