About This Restaurant
Investment Highlights
Strong Guarantee ? Operated by Karali USA, the US unit of one of the UK?s most successful franchisees. Currently operating 34 units Passive Investment ? Zero Landlord Responsibilities ? Absolute NNN. Outparcel to Miamisburg Shopping Center with tenants including Big Lots, Family Dollar, and Walgreens. Long Term Lease ? 13 Years Remaining. Recently remodeled and upgraded building. 10% rental increases every five years.
Executive Summary
Broker of RecordKyle MatthewsLicense No. REC.2022007141 (OH)(866) 889-0550Matthews Real Estate Investment Services, Inc950 Main Ave.,Suite 510, Cleveland, OH 44113
Property Details
- Sale Type Investment
- Property Type Retail
- Property Subtype Fast Food
- Building Size 3,265
- Building Class C
- Year Built 2000
- Price 1,950,000
- Price Per SF 597
- Cap Rate 5.85
- NOI 114,075
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.11
- Land Acres 0.69 AC
Amenities
- Drive Thru
Property Taxes
| Parcel Number | K46-00514-0049 | Improvements Assessment | $72,150 |
| Land Assessment | $242,360 | Total Assessment | $314,510 |
| Date Created: | 2024-07-16 04:18:04 | Last Updated: | 2024-07-16 04:18:04 |
| Address: | 1244 E Central Ave , Miamisburg, Ohio, 45342 | ||