Building Details

Year Built 1950

Stories 1

Listing Agency: Show Phone

Listed By: Ryan Reiter

Source: Koehlerrealty

Added: Oct 29 Last Checked: Oct 29 at 2:32PM

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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 Ryan Reiter

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Investment Insights

Based on property information with market context.

This 10,384-square-foot grocery property in Curtice includes five grocery aisles and two checkout lanes, along with a deli, fresh meat counter, and produce department. Store fixtures, equipment, and inventory are included in the sale. Additional offerings include party trays, freezer beef, limited deer processing, lottery sales, beer, and wine; a C2 liquor license is part of the offering. The building was constructed in 1950, and the property is zoned Retail.

The store occupies the corner of Howard and Rachel Roads in Reno Beach, approximately one mile from Lake Erie. The business has been owned and operated by the Sekinger family since 1961 and serves year-round residents as well as seasonal visitors to the lakeshore. Three parcels are included in the sale.

Key Highlights

• 10,384‑square‑foot grocery building
• Five grocery aisles and two checkout lanes
• Includes deli, fresh meat counter, and produce department

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$73,981

Cap Rate

8.27%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,479,620 $1.5M

Cap Rate 7%

$1,056,871 $1.1M

Cap Rate 9%

$822,011 $822.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 10,384 SF

Gross rent

$115.9K $11.16/SF

− Vacancy

−$10.2K −$0.98/SF

EGI

$105.7K $10.18/SF

− OpEx

−$31.7K −$3.05/SF

NOI

$74.0K $7.12/SF

Area

Lucas County, OH

Vacancy

8.80%

Lease Rate

$11.16 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,479,620

Cap Rate 7%

$1,056,871

Cap Rate 9%

$822,011

Alternative Uses

Best Use

Specialty Retail

$1.90M

$1.66M – $2.22M (±1% cap)

NOI $133,035 @ 7.0% cap · market cap 14.86%

Second Best

Retail

$1.06M

$924.8K – $1.23M (±1% cap)

NOI $73,981 @ 7.0% cap · market cap 8.27%

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Jack's Superette Grocery & Convenience Store

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Grocery & Convenience Store Food Market Supermarket Discount Store Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

9

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 43412, OH

4,033

Population

1,811

Households

2.2

Avg Household Size

47

Median Age

25%

College-Educated

97%

High-School Grad

27.6 sq mi

ZIP Area

146

Density / Sq Mi

$105,263

Median Household Income

$52,574

Median Earnings

$1,142

Median Rent

$221,400

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Similar Off Market Nearby

• Jack's Superette — 56 N Howard Rd, Curtice, OH 43412

Frequently Asked Questions

What type of property is this?

Grocery and convenience store - The operating market includes a fresh meat counter, produce department, and C2 liquor license.

Where is this grocery and convenience store located?

The property is located at 56 N Howard Road Curtice, OH.

What is the asking price?

The asking price for this property is $895,000.

What are key features of this property?

This property features: 10,384‑square‑foot grocery building; Five grocery aisles and two checkout lanes; Includes deli, fresh meat counter, and produce department