135 N Chestnut St - Restaurant FOR SALE


Jefferson, OH 44047
$258,000 USD
216-990-2100
135 N Chestnut St, Jefferson, OH for Sale
$258,000 USD
Restaurant - FOR SALE
1/7
null | 8.4% Cap Rate

135 N Chestnut St
Jefferson, OH 44047


HIGHLIGHTS

  • Income Producing
  • Core Tenant
  • Long Term Lease

OVERVIEW

Income Property Alert! This approximately 0.43 Acre property in the Village of Jefferson is known as the local Subway restaurant! The business is not included in the sale. The +/- 1,330 SF building is leased on a long-term basis to a stable tenant. Current rent is $1,808.32/month with 3% annual increases; 10year lease began 2 years ago & includes additional optional renewals. Tenant is responsible for all interior maintenance and maintenance of the driveway. Additional details available upon request. Purchase this property & simply continue collecting rents with a long-term stable tenant in place.

FOR SALE DETAILS

PRICE

$258,000 USD

PRICE/SF

$215 USD /SF

CAP RATE

8.4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,730 SF

ZONING

-

APN/PARCEL ID

260190011600

ASK ABOUT THIS PROPERTY

Mark ZervosPlatinum Real EstateMore Info
216-990-2100

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Mark ZervosPlatinum Real EstateMore Info
216-990-2100

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.