907 Highway 28 - Fast Food FOR SALE


Milford, OH 45150
$2,800,000 USD
480-718-5555
907 Highway 28, Milford, OH for Sale
$2,800,000 USD
Fast Food - FOR SALE
1/9
null | 6.25% Cap Rate

907 Highway 28
Milford, OH 45150


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
  • OPERATOR | TENANT - Ram-Z Custard, LLC owns & operates 74 locations, which include 39 Freddy’s restaurants
  • 6th largest Freddy’s franchisee in the U.S
  • 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
  • 2024 VERY AFFLUENT DEMOGRAPHICS: Population: 76,164 & Average Household Income: $146,310

OVERVIEW

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

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$851 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

FREDDY'S - MILFORD, OH

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Bank, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.11 AC

LAND SF

48,352 SF

ZONING

C

APN/PARCEL ID

18-25-16E-061

ASK ABOUT THIS PROPERTY

Kendall CarlsenCommercial Investment Advisors, INCMore Info
480-718-5555

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Kendall CarlsenCommercial Investment Advisors, INCMore Info
480-718-5555

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