426 State StFremont, OH 43420
High-Yield NNN Ground Lease in Ohio
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 115
Highlights
- Brand-new (2022) 356 sq ft Biggby Coffee, fee simple ownership.
- Absolute NNN ground lease with 13 years remaining, 10% rent increases every five years, and three five-year renewal options.
- Drive-thru only location on high-traffic corridor (12,000 VPD) in Fremont, OH.
- Strong cap rate of 6.00% and NOI of $17,992.
- Located near major employers (Crown Battery & Kraft Heinz), creating a built-in customer base. Only drive-thru coffee shop east of the river.
- Asking price: $299,867 ($842.32/sq ft).
Property Details for 426 State St
- Property type
- Retail properties, Restaurants
- Square Feet
- 356 SF
- Class
- A
- Year Built
- 2022
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 21,780 SF
Location Insight
- City
- Fremont
- County
- Sandusky
- State
- Ohio
- Latitude
- 41.345445918033
- Longitude
- -83.105805066661
Nearby Similar for Sale
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