907 Oh-28Milford, OH 45150
Ohio Freddy's: 20-Year Lease
Overview
- Added:
- Feb 12
- Days on market:
- 51
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
Nearby Similar for Sale
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