846 Ashland Rd - Fast Food FOR SALE


Mansfield, OH 44905
$2,075,000 USD
510-289-1166
846 Ashland Rd, Mansfield, OH for Sale
$2,075,000 USD
Fast Food - FOR SALE
1/1
null | 5.75% Cap Rate

846 Ashland Rd
Mansfield, OH 44905


HIGHLIGHTS

  • New 15-Year Corporate Absolute NNN Ground Lease to Arby’s
  • Corporate Guaranty from Parent Company - Arby’s Restaurant Group, Inc.
  • Scheduled 10% Rental Increases in Initial Term & Option Periods
  • 2025 Construction with Double Drive-Thru Component
  • 3 Miles from OhioHealth Mansfield Hospital – City’s Largest Employer (Staff of 2,500+)
  • 5 Miles from the New Cyberspace Wing of the Ohio Air National Guard - 1,400+ Personnel

OVERVIEW

The subject property is prominently located with excellent access and visibility along Ashland Road (10,700 AADT) less than 1 mile from U.S. Route 30 (38,000 AADT). The site benefits from strong demographics with a total daytime population of 107,478 within a 10-mile radius. The property benefits from a strategic retail location in close proximity to national retail tenants and other major employers. Neighboring retail tenants include Kroger, CVS, Dollar Tree, Starbucks, McDonald’s, Taco Bell, Tim Horton’s, and more. UH Samaritan Richland Health Center (55 beds) is located half a mile from the site; and OhioHealth Mansfield Hospital, Mansfield’s largest employer with a staff of 2,500 and 326 beds, is located 3 miles from the site. Madison High School, Madison Middle School, and Temple Christian School are all within 1 mile from the site, as well as numerous nearby schools, drawing additional traffic to the site from students, parents, and teachers. In addition, the site is 5 miles from Newman Technology, with 850 employees, and Mansfield Lahm Regional Airport, serving general aviation and military operations. The airport is home to the Cyberspace Wing of the Ohio Air National Guard comprising of approximately 1,400 personnel. Mansfield (47,711) is the largest city in the Mid-Ohio region and the county seat of Richland County, approximately 65 miles north of Columbus and 80 miles south of Cleveland. Mansfield is home to the Ohio Air National Guard (OANG), which recently transitioned its 179th Airlift Wing into the Air National Guard’s first Cyberspace Wing for a new Cyber Warfare Wing mission. The transition added 175 jobs to the Mansfield community for a total of 1,400 military personnel and employees at OANG, as well as spurring economic growth and new opportunities for industry and academics for Mansfield and the state of Ohio. Another major development is the Main Street Corridor Improvement Project, which will revitalize the heart of downtown Mansfield. Richland County benefits from a diverse economy with top industries including manufacturing, healthcare, and retail trade. Major employers in the county include OhioHealth, Newman Technologies, Stoneridge Inc., and ArcelorMittal. Richland County is part of the Mansfield-Ashland-Bucyrus CSA, with a population of 219,408 and GDP of approximately $4.5 billion. In Association with ParaSell, Inc. | A Licensed Ohio Broker #REC.2020005946

FOR SALE DETAILS

PRICE

$2,075,000 USD

PRICE/SF

$1,789 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Arby's Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,728 SF

ZONING

-

APN/PARCEL ID

025-09-236-12-000

ASK ABOUT THIS PROPERTY

Putnam DailyFisher James CapitalMore Info
510-289-1166

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Putnam DailyFisher James CapitalMore Info
510-289-1166

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