For Sale
$2,502,500
1870 Michigan St Sidney, OH 45365
High-yield NNN lease, strong tenant.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 136
Highlights
- Fee-simple ownership of a Bob Evans restaurant with a 20-year triple-net (NNN) lease, expiring April 30, 2037.
- 2.00% annual rent increases built into the lease.
- Located in a high-income area with average household income exceeding $75,000 within a five-mile radius.
Property Details for 1870 Michigan St
- Property type
- Retail properties, Restaurants
- Square Feet
- 6,069 SF
- Year Built/Renovated
- 1995/2011
- Lot Size (sq. ft)
- 77,101 SF
Location Insight
- City
- Sidney
- County
- Shelby
- State
- Ohio
- Latitude
- 40.2886146
- Longitude
- -84.1838932
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-yield NNN lease, strong tenant.
- Where is the retail property located?
- The property is located at 1870 Michigan St Sidney, OH.
- What is the asking price?
- The asking price for this property is $2,502,500.
- What are key features of this property?
- This property features: Fee-simple ownership of a Bob Evans restaurant with a 20-year triple-net (NNN) lease, expiring April 30, 2037.; 2.00% annual rent increases built into the lease.; Located in a high-income area with average household income exceeding $75,000 within a five-mile radius.
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