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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
Investment Highlights
- LONG -TERM LEASE - 18 yrs remain on 20-year Absolute NNN lease with attractive 7.50% rental escalations every 5 years
- 6th largest Freddy’s franchisee in the U.S
- 2025 VERY AFFLUENT DEMOGRAPHICS: Population: 77,197 & Average Household Income: $157,590
- 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
In Association with Designated Broker:
Brian Brockman – Broker
License #: BRK.2009000214
Bang Realty, Inc
bor@bangrealty.com
513-898-1551
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
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 | - | - | - | - |
Nearby Major Retailers
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
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FREDDY'S - MILFORD, OH | 907 Highway 28
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