4043 Oh-39 Shelby, OH 44875
- Retail properties
- 2,000 SF
- 1.64 lot acres
Current Use by Public Records
- Retail properties
Property Details for 4043 Oh-39
- Year built
- 2018
- Lot size
- 1.64 lot acres
- Property size
- 2,000 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a 2,000 square foot Arby's restaurant in Shelby, Ohio, boasting a strong 6.00% cap rate and a substantial net operating income (NOI) of $109,112. The property is situated on a 1.64-acre lot at 4043 OH-39, 44875, and features a modern, high-performing double drive-thru design, the Inspire 2000 Prototype. The absolute NNN lease, with a franchisee guarantee from Turbo Restaurants (a 60+ unit Arby's operator), provides significant long-term security, extending until February 28, 2038 (13.3 years remaining). The lease includes built-in 7.5% rental increases every five years, offering protection against inflation. This prime location benefits from high daily traffic counts on State Route 39 (13,050 vehicles) and proximity to four auto dealerships, an Advance Auto Parts, and O'Reilly Auto Parts, as well as the North Central State College Kehoe Center. The asking price is $1,818,542, translating to a price per square foot of $909.27. This turnkey investment offers minimal landlord responsibilities and significant potential for long-term growth and passive income. The property was built in 2018 and is currently 100% occupied. The lease includes four, five-year options.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Shelby
- County
- Richland
- State
- Ohio
- Longitude
- -82.6404
- Latitude
- 40.8652
