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3600 Union St
4.16 Acres of Commercial Land Offered at $400,000 in Mineral Ridge, OH 44440
Executive Summary
Highlights
NNN Corporate Lease; Guaranteed By FURGUSON INDUSTRIES
NATURAL GAS ROYALTIES EXIST WITH SITE
Directly across the street from Mineral Ridge High School
Lease Renewed 11/1/2011 (5 year base term)
NO LANDLORD RESPONSIBILITIES
TWO (2) FIVE (5) YEAR TENANT OPTIONS WITH 10% INCREASES
Description
NNN LEASED TO LONG TERM NATIONAL CORPORATE TENANT(FERGUSON INDUSTRIES). ANNUAL NOI IS $13,200.00. THE VALUE HERE IS IN THE LAND. 100% slagged 4.6 acre site, zoned Heavy Industrial Manufacturing. Site has all utilities, and 20'' of 304 slag over entire site, existing now is a 3,500 s.f. shop/office in decent shape. Less than 2 miles from Interstate 80, located directly off of S.R. 46,is next to FERGUSON INDUSTRIES OWNS THE NEIGHBORING SITE AND HAS NEW FACILITY BUILT THERE, it is one of their new corporate headquarters.
Located on the Trumbul/Mahoning County Line, in Mineral Ridge, off of S.R. 46, less than 2 miles from the I 80 and S.R. 46 Interchange, area is booming, new Pilot just developed a new Travel Center a mile away on S.R. 46. This is the best Industrial Site of its size in the Tri-County area.
NNN Corporate Lease; Guaranteed By FURGUSON INDUSTRIES
NATURAL GAS ROYALTIES EXIST WITH SITE
Directly across the street from Mineral Ridge High School
Lease Renewed 11/1/2011 (5 year base term)
NO LANDLORD RESPONSIBILITIES
TWO (2) FIVE (5) YEAR TENANT OPTIONS WITH 10% INCREASES
Description
NNN LEASED TO LONG TERM NATIONAL CORPORATE TENANT(FERGUSON INDUSTRIES). ANNUAL NOI IS $13,200.00. THE VALUE HERE IS IN THE LAND. 100% slagged 4.6 acre site, zoned Heavy Industrial Manufacturing. Site has all utilities, and 20'' of 304 slag over entire site, existing now is a 3,500 s.f. shop/office in decent shape. Less than 2 miles from Interstate 80, located directly off of S.R. 46,is next to FERGUSON INDUSTRIES OWNS THE NEIGHBORING SITE AND HAS NEW FACILITY BUILT THERE, it is one of their new corporate headquarters.
Located on the Trumbul/Mahoning County Line, in Mineral Ridge, off of S.R. 46, less than 2 miles from the I 80 and S.R. 46 Interchange, area is booming, new Pilot just developed a new Travel Center a mile away on S.R. 46. This is the best Industrial Site of its size in the Tri-County area.
Property Facts
| Price | $400,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Conditions | Ground Lease (Leased Fee) | Total Lot Size | 4.16 AC |
| No. Lots | 1 |
| Price | $400,000 |
| Sale Type | Investment |
| Sale Conditions | Ground Lease (Leased Fee) |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 4.16 AC |
1 Lot Available
Lot 1
| Price | $400,000 | Lot Size | 4.16 AC |
| Price Per AC | $96,154 |
| Price | $400,000 |
| Price Per AC | $96,154 |
| Lot Size | 4.16 AC |
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James Sabatine - Trilogy Realty
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3600 Union St
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