2298 Elida Rd Lima, OH 45805

This net lease investment opportunity is located in Lima, Ohio. The property is currently occupied by Dunkin’s Diamonds, with over 10 years remaining on the current lease term. The tenant is responsible for all expenses, including roof and structure. The location has been operating since 1996, with reinvestments into the space over time. The lease is corporate signed and backed by Dunkin’s Diamonds, a family-owned jewelry boutique with nine locations across Ohio and Florida. The property is located at the hard corner and signalized intersection of Elida Rd & Cable Rd, which sees over 36,409 vehicles per day. It is an outparcel to a Kroger (Ruler Foods) anchored shopping center. The property sits on 0.29 acres and includes 17 parking spaces, with additional spaces available via a shared parking lot. There is minimal competition in the surrounding area, with Dunkin’s Diamonds having the best location in the market. The property has over 365 Google reviews averaging 4.9 stars. The lease includes 5% rental bumps every 5 years, including all four option terms. The property is located in a main retail corridor near Michael’s, Dunham’s Sports, Ruler/Kroger, Old Navy, Hobby Lobby, Ulta, Five Below, Walmart, Planet Fitness, Meijer, Lowe’s, Menards, and an abundance of small shops/restaurants including Panera, Wendy’s, McDonald’s, Arby’s, Tim Horton’s, AT&T, Starbucks, Chipotle, Five Guys, Verizon, and Discount Tire. The population within 1-mile is 4,867, 42,775 within 3-miles, and 66,445 within 5-miles. Lima is the County Seat of Allen County, situated in Northwest Ohio, 80-miles Northeast of Columbus, 72 Miles North of Dayton, 78 Miles Southwest of Toledo, and 63 Miles Southeast of Fort Wayne. The property size is 3,802 square feet.