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Lee's Chicken
Springfield, OH 45503
Brand New 15 Year NNN Lease Extension · Retail Property For Sale
Investment Highlights
- The lease has 3.0% annual increases throughout the initial term and renewal options.
- The lease structure is a full NNN ground lease with the tenant self-maintaining the property and paying taxes and insurance.
- The building was recently rebuilt after a fire so there’s little deferred maintenance for the tenant, thus limiting the risk to the ground lease holde
- The tenant fully committed to the site with a new 15 year lease that commenced January 1, 2022 and has 14.5 years remaining
- The tenant has demonstrated success over several decades (35+ years of operating) at the location
Property Facts
Property Type
Retail
Property Subtype
Building Size
2,780 SF
Building Class
B
Year Built
1989
Tenancy
Single
Building Height
1 Story
Building FAR
0.48
Lot Size
0.13 AC
Zoning
Commercial - General Commercial
Parking
31 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signalized Intersection
- Drive Thru
Property Taxes
| Parcel Numbers | Improvements Assessment | $117,380 | |
| Land Assessment | $37,290 | Total Assessment | $154,670 |
Property Taxes
Parcel Numbers
Land Assessment
$37,290
Improvements Assessment
$117,380
Total Assessment
$154,670
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