426 State StFremont, OH 43420

Property Details for 426 State St

Year built

1984

Lot size

0.50 AC

Property size (Sq ft)

492 SF

Property type

Retail properties

Property subtype

Retail space

APN

34-50-00-0481-00

APU

345000048100

Description

This exceptional investment opportunity presents a fee-simple ownership of a brand-new (2022), 356 square foot Biggby Coffee located at 426 E State St, Fremont, OH 43420. The property sits on a 0.5-acre lot and boasts a drive-thru-only design, strategically positioned on a major commercial corridor with high daily vehicle traffic (12,000 VPD). This single-tenant, absolute NNN ground lease offers a strong 6.00% cap rate with a substantial NOI of $17,992. The lease features a 13-year remaining term with built-in 10% rent bumps every five years and three additional five-year renewal options, minimizing landlord responsibilities. The property benefits from its proximity to significant industrial employers, including Crown Battery and Kraft Heinz, creating a built-in customer base. The asking price is $299,867, translating to $842.32 per square foot. This is a rare opportunity to acquire a high-performing, low-maintenance investment in a prime location with a proven, fast-growing brand. The property's location on the eastern side of the river makes it the only drive-thru coffee shop in the area, ensuring immediate market share. The low ground rent contributes to a cheap basis in the real estate, further enhancing the investment's appeal. This is a bite-sized deal with significant upside potential.

Location Insight

City

Fremont

County

Sandusky

State

Ohio

Latitude

41.3458

Longitude

-83.1058

CBSA code

23380

CBSA name

FREMONT, OH MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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