907 Oh-28 Milford, OH 45150
- Retail properties
- 3,291 SF
- 1.11 lot acres
Current Use by Public Records
- Isalis / Gift Shop / Boutique
- Party City / Balloon Store / Candy Store
- Skunk Funk / Clothing Store / Corporate Campus
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop
Property Details for 907 Oh-28
- Year built
- 2010
- Lot size
- 1.11 lot acres
- Property size
- 3,291 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a 3,291 square foot Freddy's restaurant located in Milford, Ohio, on a 1.106-acre lot. The property boasts a brand new 20-year absolute NNN lease with a strong tenant, Ram-Z Custard, LLC, the 6th largest Freddy's franchisee in the US, operating 69 locations. The lease includes attractive 7.5% rent bumps every five years and four five-year renewal options, ensuring long-term stability. The property enjoys high visibility and traffic counts of 16,305 cars per day on Business 58. Situated in a thriving area with a population of 76,164 and an average household income of $146,310, the property benefits from proximity to major retailers including Walmart, Target, and Home Depot, as well as educational institutions like the University of Cincinnati and Xavier University, and healthcare facilities such as Jewish Hospital Mercy Health. The property's strong financials include a 6.00% cap rate and a net operating income (NOI) of $175,000. Built in 2010, this single-story building is zoned C and offers a fee-simple ownership structure. This is a rare opportunity to acquire a high-performing, long-term net lease investment with a proven tenant and significant upside potential.
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
- Milford
- County
- Clermont
- State
- Ohio
- Longitude
- -84.2536
- Latitude
- 39.1906
