Taco Bell in OH | 20-Yr Abs NNN Ground Lease | 432 Main Street
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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)
• 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
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
PROPERTY TAXES
Parcel Number | 11-00-099-000-425 | Improvements Assessment | $111,300 |
Land Assessment | $32,018 | Total Assessment | $143,318 |
PROPERTY TAXES
Parcel Number
11-00-099-000-425
Land Assessment
$32,018
Improvements Assessment
$111,300
Total Assessment
$143,318
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Taco Bell in OH | 20-Yr Abs NNN Ground Lease | 432 Main Street
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