907 Oh-28 Milford, OH 45150
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.