1286 E Ash Street - Fast Food FOR SALE


Piqua, OH 45356
$1,605,000 USD
305-308-2635
1286 E Ash Street, Piqua, OH for Sale
$1,605,000 USD
Fast Food - FOR SALE
1/8
null | 6.25% Cap Rate

1286 E Ash Street
Piqua, OH 45356


HIGHLIGHTS

  • The property benefits from 15.6 Years Remaining on the current Lease Term with Four, 5-YR Additional Options | Zero Landlord Responsibilities
  • Outparcel to the Miami Valley Crossing Shopping Center which includes Piqua Shopping Mall, Home Depot, Walmart Supercenter, and More
  • Fronting the main commercial corridor E Ash Street, which sees over 15,789 Vehicles Per Day
  • Positioned directly off I-75 (50,710 VPD) with immediate access to the on/off ramps

OVERVIEW

Marcus & Millichap is pleased to offer the opportunity to acquire a 2021-built Hardee’s property consisting of 2,855 square feet on nearly one acre of land. The asset is secured by a long-term lease with 15.5 years remaining on the initial term and four additional five-year renewal options. This is an absolute triple net lease with zero landlord responsibilities. The property is an outparcel to the Miami Valley Crossing Shopping Center, which includes Piqua Shopping Mall, Home Depot, Walmart Supercenter, and other major retailers. It benefits from excellent visibility along E Ash Street, the area’s primary commercial corridor, with traffic counts exceeding 15,789 vehicles per day. The site is surrounded by national tenants such as Dairy Queen, McDonald’s, Planet Fitness, and Starbucks, and offers immediate access to I-75 (50,710 VPD) via nearby on/off ramps.

FOR SALE DETAILS

PRICE

$1,605,000 USD

PRICE/SF

$562 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

37

LAND DETAILS

LAND ACRES

0.98 AC

LAND SF

42,689 SF

ZONING

430

APN/PARCEL ID

N44074400

ASK ABOUT THIS PROPERTY

Debra FranklinMarcus & MillichapMore Info
305-308-2635

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Debra FranklinMarcus & MillichapMore Info
305-308-2635

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.