3170 Towne Blvd - Restaurant FOR SALE
Middletown, OH 45044 |
$1,250,000 USD
516-653-6315
3170 Towne Blvd
Middletown, OH 45044
HIGHLIGHTS
- Strategically located next to Walmart Supercenter and Lowe’s. Surrounded by top national retailers including Kohl’s, Kroger, Petco, Etc.,
- Situated on a ±1.50-acre lot with 67 parking spaces, supporting a range of potential uses.
- Steak ‘n Shake exercised their renewal option in 2024, extending the lease through February 2029.
- Fee Simple Ownership
- Sub 7% Rent to Sales Ratio
FOR SALE DETAILS
PRICE
$1,250,000 USD
PRICE/SF
$336 USD /SF
CAP RATE
6.72%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Steak & Shake
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Fast Food, Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1994
SPRINKLERS
-
PARKING SPACES
67
LAND DETAILS
LAND ACRES
1.5 AC
LAND SF
65,340 SF
ZONING
-
APN/PARCEL ID
07-03-390-006
ASK ABOUT THIS PROPERTY
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516-653-6315
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516-653-6315
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