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FREDDY'S - MILFORD, OH 907 Highway 28

3,291 SF Retail Building Milford, OH 45150 $4,198,409 CAD ($1,276 CAD/SF) 6% Cap Rate

Retail Space Ohio Milford 907 Highway 28, Milford, OH 45150

Investment Highlights

  • LONG -TERM LEASE - Brand new 20-year Absolute NNN lease with attractive 7.50% rental escalations every 5 years with four 5-year options to renew
  • 6th largest Freddy’s franchisee in the U.S
  • 2024 VERY AFFLUENT DEMOGRAPHICS: Population: 76,164 & Average Household Income: $146,310
  • OPERATOR | TENANT - Ram-Z Custard, LLC owns & operates 69 locations, which include 34 Freddy’s restaurants
  • HIGH TRAFFIC COUNTS/VISIBILITY - Positioned on a large ±1.106-acre lot with great access/visibility on Business 58 with traffic counts of 16,305 CPD

Executive Summary

(Building & Land) Fee Simple
In Association with Designated Broker:
Brian Brockman – Broker
License #: BRK.2009000214
Bang Realty, Inc
bor@bangrealty.com
513-898-1551

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,291 SF
Building Class
C
Year Built
2010
Price
$4,198,409 CAD
Price Per SF
$1,276 CAD
Cap Rate
6%
NOI
$251,876 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.11 AC
Zoning
C - Commercial
Parking
30 Spaces (9.12 Spaces per 1,000 SF Leased)
Frontage
184 ft on Ohio 28

Amenities

  • Pylon Sign
  • Restaurant
  • Signage
  • Drive Thru

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Freddy's
  • -
  • -
  • -
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease End
Freddy's - - - -

Links

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Nearby Major Retailers

Freddy's Frozen Custard & Steakburgers
IHOP
Keybank
Fifth Third Bank
Roosters
Bob Evans Restaurants
U.S. Bank
Hot Head Burritos
Skyline Chili
Rent-A-Center

PROPERTY TAXES

Parcel Number 18-25-16E-061 Improvements Assessment $343,705 CAD
Land Assessment $158,774 CAD Total Assessment $502,479 CAD

PROPERTY TAXES

Parcel Number
18-25-16E-061
Land Assessment
$158,774 CAD
Improvements Assessment
$343,705 CAD
Total Assessment
$502,479 CAD
(602) 770-7145

Contact

  • Listing ID: 34394016

  • Date on Market: 2024-12-13

  • Last Updated:

  • Address: 907 Highway 28, Milford, OH 45150

The Retail Property at 907 Highway 28, Milford, OH 45150 is currently available for sale. Contact Commercial Investment Advisors, INC for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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907 Highway 28, Milford, OH for sale Primary Photo- Image 1 of 10
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907 Highway 28, Milford, OH for sale Building Photo- Image 3 of 10
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907 Highway 28, Milford, OH for sale Building Photo- Image 4 of 10
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907 Highway 28, Milford, OH for sale Building Photo- Image 5 of 10
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907 Highway 28, Milford, OH for sale Building Photo- Image 6 of 10
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907 Highway 28, Milford, OH for sale Building Photo- Image 7 of 10
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907 Highway 28, Milford, OH for sale Building Photo- Image 8 of 10
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907 Highway 28, Milford, OH for sale Building Photo- Image 9 of 10
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FREDDY'S - MILFORD, OH | 907 Highway 28
(602) 770-7145 x

FREDDY'S - MILFORD, OH | 907 Highway 28

Kendall Carlsen

(602) 770-7145

(602) 770-7145

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