108 Main St, Toledo, OH 43605
Brand-new construction with a long-term NNN lease structure and no landlord responsibilities.
Property Features for 108 Main St
General Information
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Based on property information with market context.
The tenant is expected to execute a new 20-year triple-net lease beginning the day after closing, with no landlord responsibilities. Contractual rent increases are set at the lesser of CPI or 1.25% annually beginning in Year 3 and continue through the base term and six five-year renewal options.
The lease includes a guaranty from Meritage Hospitality Group, identified as an experienced operator of more than 345 units and the second-largest Wendy’s franchisee.
Key Highlights
- Brand‑new 2,093‑square‑foot Wendy’s drive‑through restaurant
- Approximately 0.54 acres at 108 Main Street, Toledo, OH
- New 20‑year triple‑net lease begins the day after closing
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Vacancy Rate% for Retail in Midwest region