This Retail Property is no longer advertised on LoopNet.com.

3319 N Ridge Rd
Ashtabula, OH 44004
Bob Evans - Absolute Net - Fee Simple Ground · Retail Property For Sale

Investment Highlights

  • Absolute Net Ground Lease - Requires Zero Landlord Responsibilities
  • Brand New 20-Year Lease Extension Executed During COVID - Site has remained open throughout COVID
  • Outparcel to Ashtabula Towne Square & Walmart Supercenter. Ideally located along U.S. Route 20 (21,000 VPD)
  • Tenant has Demonstrated a Strong Commitment to the Site - Over 25 Years of Occupancy. Tenant Renovated the Site in 2015
  • Attractive 1.50% Annual Rental Escalations During the Initial Term & Option Periods
  • Strong Corporate Guarantee Backed by Approximately 500+ Corporate Locations

Property Facts

Property Type
Retail
Property Subtype
Restaurant
Building Size
3,561 SF
Building Class
B
Year Built/Renovated
1995/2015
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.29 AC
Zoning
CM
Parking
40 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
106’ on Ridge Rd

Amenities

  • Pylon Sign
  • Signage
  • Signalized Intersection

Property Taxes

Property Taxes

Parcel Number
030520000301
Land Assessment
$137,900
Improvements Assessment
$93,560
Total Assessment
$231,460
  • Listing ID: 22074896

  • Date on Market: 1/26/2021

  • Last Updated:

  • Address: 3319 N Ridge Rd, Ashtabula, OH 44004

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