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FREDDY'S - MILFORD, OH 907 Highway 28 3,291 SF Retail Building Milford, OH 45150 $2,440,000 ($741.42/SF) 6.25% Cap Rate

Retail Spaces Ohio Milford 907 Highway 28, Milford, OH 45150

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INVESTMENT HIGHLIGHTS

  • LONG -TERM LEASE - Brand new 20-year Absolute NNN lease with attractive 7.50% rental escalations every 5 years with four 5-year options to renew
  • 6th largest Freddy’s franchisee in the U.S
  • 2024 VERY AFFLUENT DEMOGRAPHICS: Population: 76,164 & Average Household Income: $146,310
  • OPERATOR | TENANT - Ram-Z Custard, LLC owns & operates 74 locations, which include 39 Freddy’s restaurants
  • HIGH TRAFFIC COUNTS/VISIBILITY - Positioned on a large ±1.106-acre lot with great access/visibility on Business 58 with traffic counts of 16,305 CPD

EXECUTIVE SUMMARY

(Building & Land) Fee Simple
In Association with Designated Broker:
Brian Brockman – Broker
License #: BRK.2009000214
Bang Realty, Inc
bor@bangrealty.com
513-898-1551

ATTACHMENTS

freddys.milford02_PKG

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,291 SF
Building Class
C
Year Built
2010
Price
$2,440,000
Price Per SF
$741.42
Cap Rate
6.25%
NOI
$152,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.11 AC
Zoning
C - Commercial
Parking
30 Spaces (9.12 Spaces per 1,000 SF Leased)
Frontage
184’ on Ohio 28

AMENITIES

  • Pylon Sign
  • Restaurant
  • Signage
  • Drive Thru

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Freddy's
  • -
  • -
  • -
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Freddy's - - - -

LINKS

1 1

NEARBY MAJOR RETAILERS

Freddy's Frozen Custard & Steakburgers
IHOP
Buffalo Wings & Rings
Keybank
First Commonwealth Bank
First Financial Bank
Fifth Third Bank
Roosters
Bob Evans Restaurants
U.S. Bank

PROPERTY TAXES

Parcel Number 18-25-16E-061 Improvements Assessment $237,300
Land Assessment $109,620 Total Assessment $346,920

PROPERTY TAXES

Parcel Number
18-25-16E-061
Land Assessment
$109,620
Improvements Assessment
$237,300
Total Assessment
$346,920
(480) 718-5555

Still interested?

Contact the broker for more information about this property

CONTACT

  • Listing ID: 36759461

  • Date on Market: 12/13/2024

  • Last Updated:

  • Address: 907 Highway 28, Milford, OH 45150

More public record information on 907 Highway 28, Milford, OH 45150

The Retail Property at 907 Highway 28, Milford, OH 45150 is currently available for Sale. Contact Commercial Investment Advisors, INC for more information.

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FREDDY'S - MILFORD, OH | 907 Highway 28
(480) 718-5555 x

FREDDY'S - MILFORD, OH | 907 Highway 28

Kendall Carlsen
(480) 718-5555

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