422 S Washington St - Retail FOR SALE
New Paris, OH 45347 |
$359,000 USD
248-702-0288
422 S Washington St
New Paris, OH 45347
HIGHLIGHTS
- 3+ Year Lease | Stable Cash Flow Investment | Minimal Landlord Responsibilities | Three (5-Year) Options To Renew w/ Increase
- 2% Annual Increases In The Options Providing a Strong Hedge Against Inflation
- Attractive Low Rent / Price Point | Recession/Depression Proof
- Minimal Competition in Immediate Market | Dominant QSR in Trade Area
- Location Benefits from Subway's Latest Fresh Forward Prototype
- Lease Backed by Vision Investment Group | An Established 50+ Unit Operator Based in Bluffton, IN
FOR SALE DETAILS
PRICE
$359,000 USD
PRICE/SF
$215 USD /SF
CAP RATE
6.47%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Subway
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1954
SPRINKLERS
-
PARKING SPACES
20
LAND DETAILS
LAND ACRES
0.82 AC
LAND SF
35,719 SF
ZONING
-
APN/PARCEL ID
G23-0014-0-2-60-000-8000
ASK ABOUT THIS PROPERTY
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248-702-0288
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248-702-0288
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