4043 Oh-39Shelby, OH 44875

Property Details for 4043 Oh-39

Year built

2018

Lot size

1.64 AC

Property size (Sq ft)

2,000 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional investment opportunity presents a 2,000 square foot Arby's restaurant in Shelby, Ohio, boasting a strong 6.00% cap rate and a substantial net operating income (NOI) of $109,112. The property is situated on a 1.64-acre lot at 4043 OH-39, 44875, and features a modern, high-performing double drive-thru design, the Inspire 2000 Prototype. The absolute NNN lease, with a franchisee guarantee from Turbo Restaurants (a 60+ unit Arby's operator), provides significant long-term security, extending until February 28, 2038 (13.3 years remaining). The lease includes built-in 7.5% rental increases every five years, offering protection against inflation. This prime location benefits from high daily traffic counts on State Route 39 (13,050 vehicles) and proximity to four auto dealerships, an Advance Auto Parts, and O'Reilly Auto Parts, as well as the North Central State College Kehoe Center. The asking price is $1,818,542, translating to a price per square foot of $909.27. This turnkey investment offers minimal landlord responsibilities and significant potential for long-term growth and passive income. The property was built in 2018 and is currently 100% occupied. The lease includes four, five-year options.

Location Insight

City

Shelby

County

Richland

State

Ohio

Latitude

40.8652

Longitude

-82.6404

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