For Sale
$2,917,000

907 Oh-28Milford, OH 45150

Ohio Freddy's: 20-Year Lease

Overview

Added:
Feb 12
Days on market:
51
This exceptional investment opportunity presents a 3,291 square foot Freddy's restaurant located in Milford, Ohio, on a 1.106-acre lot. The property boasts a brand new 20-year absolute NNN lease with a strong tenant, Ram-Z Custard, LLC, the 6th largest Freddy's franchisee in the US, operating 69 locations. The lease includes attractive 7.5% rent bumps every five years and four five-year renewal options, ensuring long-term stability. The property enjoys high visibility and traffic counts of 16,305 cars per day on Business 58. Situated in a thriving area with a population of 76,164 and an average household income of $146,310, the property benefits from proximity to major retailers including Walmart, Target, and Home Depot, as well as educational institutions like the University of Cincinnati and Xavier University, and healthcare facilities such as Jewish Hospital Mercy Health. The property's strong financials include a 6.00% cap rate and a net operating income (NOI) of $175,000. Built in 2010, this single-story building is zoned C and offers a fee-simple ownership structure. This is a rare opportunity to acquire a high-performing, long-term net lease investment with a proven tenant and significant upside potential.

Highlights

  • $2,917,000 asking price for a 3,291 square foot retail property in Milford, Ohio.
  • Absolute NNN net lease with Freddy's as the tenant, offering a 20-year remaining lease term expiring 12/31/2044.
  • 6.00% cap rate with a $175,000 annual net operating income (NOI).
  • High-traffic location on a 1.106-acre lot on OH-28 (Business 58), boasting 16,305 cars per day.
  • Strong tenant: Ram-Z Custard, LLC, the 6th largest Freddy's franchisee in the US, operating 69 units, guaranteeing lease performance. Rent bumps at 7.5% every 5 years, with four 5-year renewal options.

Property Details for 907 Oh-28

Property type
Retail properties, Restaurants
Square Feet
3,291 SF
Year Built
2010
Buildings
1
Stories
1
Lot Size (sq. ft)
48,177 SF
Units
1

Location Insight

City
Milford
County
Clermont
State
Ohio
Latitude
39.1905586
Longitude
-84.2535794
907 Oh-28, Milford, Ohio

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907 Oh-28
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