This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Taco Bell in OH | 20-Yr Abs NNN Ground Lease 432 Main Street

2,400 SF Retail Building Grafton, OH 44044 $1,867,000 ($778/SF) 6% Cap Rate

Investment Highlights

  • Brand New 20-Year Lease | Franchisee Guaranteed | Scheduled Rental Increases | Strong Operator (250+ Units)
  • State Highway 57 (10,000 VPD) | Drive-Thru Equipped | Fast Food Hot Spot | Limited Brand Competition | Retail Corridor
  • Absolute NNN | Leased Fee Ownership (Land Ownership) | Zero Landlord Responsibilities
  • Strong Demographics In 5-Mile Trade Area

Executive Summary

• Brand new 20-year lease commencing at the close of escrow
• Features 10% rental increases every 5 years throughout the initial term and at the beginning of each option, growing NOI and hedging against inflation
• Pacific Bells Franchisee Guarantee (250+ Units)

Property Facts

Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,400 SF
Building Class
C
Year Built
2023
Price
$1,867,000
Price Per SF
$778
Cap Rate
6%
NOI
$111,980
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.05 AC
Zoning
GB - General Business District

Amenities

  • Corner Lot
  • Freeway Visibility
  • Restaurant
  • Signage
  • Drive Thru
  • Air Conditioning

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Taco Bell
  • Accommodation and Food Services
  • 99,999 SF
  • -
  • Lorem Ipsum
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Taco Bell Accommodation and Food Services 99,999 SF - Lorem Ipsum -

Nearby Major Retailers

Huntington Bank
Sparkle Markets

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
11-00-099-000-425
Land Assessment
$32,018
Improvements Assessment
$111,300
Total Assessment
$143,318
  • Listing ID: 30179911

  • Date on Market: 11/28/2023

  • Last Updated:

  • Address: 432 Main Street, Grafton, OH 44044

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}