Restaurant on Signalized
New
For Sale
$2,400,000
2551 Tiffin Avenue, Findlay, OH 45840
An established restaurant property sits at a signalized intersection within a major retail corridor.
Property Size10,832 SF
Lot Size2.42 Acres
Price / SF$221.57
Days on Market5
Property Features for 2551 Tiffin Avenue
General Information
Standard status
Active
Size
10,832 SF
Lot size
2.42 Acres
Property subtype
Retail
Listing Agency:
CBRE | Cleveland
Listed By:
Kevin Moss · License #SAL.2015001299
(216) 363-6453
Source:
Cbre
Added: Oct 2
Changed: Oct 6
Last Checked: Oct 5 at 3:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE | Cleveland
Investment Insights
Based on property information with market context.
The property includes a 10,832-square-foot restaurant on 2.42 acres at a signalized intersection in Findlay. Its restaurant use and substantial site form the core of the offering.
The intersection records more than 30,000 vehicles per day, according to ODOT TIMS. Walmart, TJX, Kohl’s, and Meijer are across the intersection, while Target is under construction nearby. The Shops at Findlay is across the street, with Burlington, Ulta, Boot Barn, Five Below, and other retailers among its tenants. Kroger and Lowe’s are also in the surrounding retail area.
More than 50,000 people live within five miles, and average household income in that radius is $98,810.
The intersection records more than 30,000 vehicles per day, according to ODOT TIMS. Walmart, TJX, Kohl’s, and Meijer are across the intersection, while Target is under construction nearby. The Shops at Findlay is across the street, with Burlington, Ulta, Boot Barn, Five Below, and other retailers among its tenants. Kroger and Lowe’s are also in the surrounding retail area.
More than 50,000 people live within five miles, and average household income in that radius is $98,810.
Key Highlights
- 10,832‑square‑foot restaurant on 2.42 acres
- Signalized intersection with more than 30,000 VPD, per ODOT TIMS
- Walmart, TJX, Kohl’s, and Meijer are across the intersection
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$211,495
Cap Rate
8.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,229,900
$4.2M
Cap Rate 7%
$3,021,357
$3.0M
Cap Rate 9%
$2,349,944
$2.3M
Market Conditions
NOI Build-Up for 10,832 SF
Gross rent
$292.5K $27.00/SF
− Vacancy
−$10.5K −$0.97/SF
EGI
$282.0K $26.03/SF
− OpEx
−$70.5K −$6.51/SF
NOI
$211.5K $19.53/SF
Area
Hancock County, OH
Vacancy
3.58%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,229,900
Cap Rate 7%
$3,021,357
Cap Rate 9%
$2,349,944
Alternative Uses
Best Use
Specialty Retail
$3.02M
$2.64M – $3.52M
NOI $211,495 @ 7.0% cap · market cap 8.81%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
432
Businesses Nearby
554k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 24%
Groceries 19%
Apparel 18%
Superstores 18%
Walmart
Superstores
97,017 visits/mo
0.2 miles
Meijer
Groceries
71,228 visits/mo
0.4 miles
Kohl's
Apparel
53,758 visits/mo
0.3 miles
T.J. Maxx
Apparel
44,070 visits/mo
0.3 miles
Menards
Home Improvements & Furnishings
40,206 visits/mo
0.4 miles
Demographics for 45840, OH
54,901
Population
25,396
Households
2.2
Avg Household Size
40
Median Age
33%
College-Educated
95%
High-School Grad
166.5 sq mi
ZIP Area
330
Density / Sq Mi
$64,076
Median Household Income
$42,546
Median Earnings
$934
Median Rent
$203,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Stevi B's Pizza Buffet — 7535 Patriot Dr, Findlay, OH 45840
Frequently Asked Questions
What type of property is this?
Conventional restaurant - An established restaurant property sits at a signalized intersection within a major retail corridor.
Where is this conventional restaurant located?
The property is located at 2551 Tiffin Avenue Findlay, OH.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 10,832‑square‑foot restaurant on 2.42 acres; Signalized intersection with more than 30,000 VPD, per ODOT TIMS; Walmart, TJX, Kohl’s, and Meijer are across the intersection
