NNN Leased Freddy's Restaurant For
907 State Route 28, Milford, OH 45150
NNN leased Freddy's with 18 years remaining on lease.
Type:Retail
Property size:
3,291 SFLot size:
1.11 AcresPrice / SF:
$741/SF- Added:
- May 12, 2026
- Days on Market:
- 16
- Last Refresh:
- May 14 at 9:33 pm
Property Features for 907 State Route 28
General Information
- Standard status
- Active
- Size
- 3,291 SF
- Lot size
- 1.11 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2010
Listing agent Justin Zahn License #SA545840000
Listing office Commercial Investment Advisors (CIA) Scottsdale
Listing date May 12, 2026
Source Crexi
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 Commercial Investment Advisors (CIA) Scottsdale
HighLights
- Absolute NNN lease with 18 years remaining, providing a long‑term, passive income stream.
- Attractive 7.50% rental escalations every 5 years, increasing investment returns over time.
- Tenant is a large and experienced multi‑concept franchisee (Ram‑Z Custard, LLC) with 83 total units guaranteeing the lease.
- Located on a large ±1.106‑acre lot with excellent access and visibility on Business 58, with high traffic counts (16,305 CPD).
- Four 5‑year options to renew, potentially extending the lease term and income.
- Proximity to major retailers (Walmart, Target, etc.), University of Cincinnati (53,235 enrollment), Xavier University (5,504 students), and Jewish Hospital Mercy Health.
Overview
This commercial property is a Freddy’s restaurant with 18 years remaining on an initial 20-year absolute NNN lease. The lease includes 7.50% rental escalations every 5 years and four 5-year options to renew. The tenant, Ram-Z Custard, LLC, is an experienced multi-concept owner/operator with 42 Freddy’s restaurants (including those currently under construction), making it the 6th largest Freddy’s franchisee in the U.S., 34 Schlotzsky’s locations (the largest Schlotzsky’s franchisee in the country), and 7 Popeyes locations in Alabama, totaling 83 units. All units back the performance of the lease. The property is positioned on a large ±1.106-acre lot with access and visibility on Business 58, which has traffic counts of 16,305 CPD. Retailers within 5 miles include Walmart, Target, Lowe’s Home Improvement, Home Depot, Meijer, Kohl’s, Cato Fashions, Big Lots, Kroger, Tractor Supply Co., Harbor Freight Tools, PetSmart, Dollar Tree, Dollar General, Sally Beauty, Scene 75 Entertainment Center, and Cinemark. The property is 18 miles from the University of Cincinnati, a public university offering more than 300 majors & 100 certificate programs with a total enrollment of 53,235 (Fall 2024); 16 miles from Xavier University, a private Jesuit university with over 90 undergraduate programs with 5,504 students (Fall 2024); and 11.5 miles from Jewish Hospital Mercy Health, a 209-licensed bed acute care hospital located in Kenwood, Ohio.
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Milford
- County
- Clermont
- State
- Ohio
- Longitude
- -84.253198
- Latitude
- 39.190581
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - NNN leased Freddy's with 18 years remaining on lease.
Where is this retail space located?
The property is located at 907 State Route 28 Milford, OH.
What is the asking price?
The asking price for this property is $2,440,000.
What are key features of this property?
This property features: Absolute NNN lease with 18 years remaining, providing a long‑term, passive income stream.; Attractive 7.50% rental escalations every 5 years, increasing investment returns over time.; Tenant is a large and experienced multi‑concept franchisee (Ram‑Z Custard, LLC) with 83 total units guaranteeing the lease.
