Grocery Store Retail
702 E Main Street Delta, OH 43515
702 E Main Street, Delta, OH, 43515
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For Sale
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Grocery tenant has renewed multiple terms with limited landlord responsibilities under a net-style structure.
Days on Market103
Property Features for 702 E Main Street
General Information
- Standard status
- Active
- Property subtype
- Retail
Listing agency
Reichle | Klein Group
(419) 794-6045
Listed by
Joe Belinske · License #OH 0000320016
Source
Crexi
Added: Apr 10 Updated: Jul 20 at 4:38PM Checked: Jul 21 at 6:31AM
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 Reichle | Klein Group
Investment Insights
Based on property information with market context.
This for-sale retail leasehold is a grocery and convenience store at 702 E. Main Street in Delta, OH. The tenant has exercised its fourth five-year renewal term, and the business is backed by lease guarantor Fresh Encounters, Inc., which operates 50 stores under multiple brand names including Community Markets, Great Scot, Chief, Remke Markets, and Needle's Fresh Market.
The remarks describe prime positioning to service the local market, stating there is no other competition in the area and that it is the only grocery store in Delta. Landlord responsibilities are described as minimal, limited to roof and building insurance. The tenant is responsible for real estate taxes, building exterior, and repairs and replacements to all mechanical systems, including HVAC units.
Additional tenant responsibilities include parking lot maintenance and repairs, including snow removal, sweeping, cleaning, striping, scoring, and resurfacing, as well as lawn and landscaping. Percentage rental income is described as an additional 1% of gross sales over $3 million, capped at $4 million, and the tenant is reported to have exceeded $4 million in gross sales for the period referenced.
The remarks describe prime positioning to service the local market, stating there is no other competition in the area and that it is the only grocery store in Delta. Landlord responsibilities are described as minimal, limited to roof and building insurance. The tenant is responsible for real estate taxes, building exterior, and repairs and replacements to all mechanical systems, including HVAC units.
Additional tenant responsibilities include parking lot maintenance and repairs, including snow removal, sweeping, cleaning, striping, scoring, and resurfacing, as well as lawn and landscaping. Percentage rental income is described as an additional 1% of gross sales over $3 million, capped at $4 million, and the tenant is reported to have exceeded $4 million in gross sales for the period referenced.
Key Highlights
- Tenant recently exercised its fourth five‑year renewal, showing continued commitment to the area
- Lease guarantor Fresh Encounters, Inc. operates 50 stores under Community Markets, Great Scot, Chief, Remke Markets and Needle's Fresh Market
- Limited landlord responsibilities: landlord covers roof and building insurance only
Property Analytics
Location Intelligence
Current Use by Public Records
Community Markets
Grocery & Convenience Store
Coin Cloud Bitcoin ...
Currency Exchange Service
Community Markets Delta ...
Pharmacy
Primo Water Refill
Big Box & Wholesale Store
Western Union
Bank
Similar For Sale Nearby
Similar Off Market Nearby
- Community Markets — 702 E Main St, Delta, OH 43515
FAQs
What type of property is this?
Grocery and convenience store - Grocery tenant has renewed multiple terms with limited landlord responsibilities under a net-style structure.
Where is this grocery and convenience store located?
The property is located at 702 E Main Street Delta, OH.
What are key features of this property?
This property features: Tenant recently exercised its fourth five‑year renewal, showing continued commitment to the area; Lease guarantor Fresh Encounters, Inc. operates 50 stores under Community Markets, Great Scot, Chief, Remke Markets and Needle's Fresh Market; Limited landlord responsibilities: landlord covers roof and building insurance only
