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FREDDY'S - MILFORD, OH 907 Highway 28

3,291 SF 100% Leased Retail Building Milford, OH 45150 $2,917,000 ($886/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

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,291 SF
Year Built
2010
Price
$2,917,000
Price Per SF
$886
Cap Rate
6%
NOI
$175,000
Percent Leased
100%
Building Height
1 Story
Building FAR
0.07
Lot Size
1.11 AC
Zoning
C

Amenities

  • Restaurant
  • Signage
  • Drive Thru

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
(402) 730-6021

Contact

  • Listing ID: 34196000

  • Date on Market: 12/13/2024

  • 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

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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 6 of 10
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FREDDY'S - MILFORD, OH | 907 Highway 28
(402) 730-6021 x

FREDDY'S - MILFORD, OH | 907 Highway 28

Kendall Carlsen

(402) 730-6021

(402) 730-6021

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