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531 W Dussel Dr 5,332 SF Retail Building Maumee, OH 43537 $2,509,034 ($470.56/SF) 7.25% Cap Rate
Investment Highlights
- Lease Guarantor, RMH Holdings Inc operates 131 units in 14 states. RMH is owned by an affiliate of Sun Holdings Inc who operates over 1000 units
- 130,000 People in a 5 mile radius (suburb of Toledo, OH).
- - Strong performing location with solid rent/sales ratio (see broker for details). Has been in operation for over 30 years!
Executive Summary
Absolute NNN, leased to 130+ unit operator. Operating for 30+ years
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
5,332 SF
Building Class
B
Year Built
1995
Price
$2,509,034
Price Per SF
$470.56
Cap Rate
7.25%
NOI
$181,905
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.43 AC
Zoning
C-M
Parking
86 Spaces (16.13 Spaces per 1,000 SF Leased)
Frontage
224’ on W Dussel Dr
Amenities
- Pylon Sign
- Restaurant
- Signage
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Applebee's
- -
- -
- -
- Oct 2032
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Applebee's | - | - | - | Oct 2032 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 36-40880 | Improvements Assessment | $296,800 |
| Land Assessment | $38,675 | Total Assessment | $335,475 |
Property Taxes
Parcel Number
36-40880
Land Assessment
$38,675
Improvements Assessment
$296,800
Total Assessment
$335,475
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531 W Dussel Dr