1041 Norton Rd Galloway, OH 43119-8956

This exceptional investment opportunity presents a fee-simple ownership (land and building) of a Subway restaurant in Galloway, Ohio. The 1,600 square foot, drive-thru equipped QSR is situated on a 0.75-acre lot with 24 parking spaces and benefits from a strong location at a signalized intersection of Norton Road and Hall Road (23,700 vehicles per day), with proximity to I-270 (79,500 VPD). The property boasts a 6.44% cap rate and a strong NOI of $57,978. The current lease, commencing May 1, 2002, and expiring April 30, 2026, has approximately 1.4 years remaining with three 5-year renewal options, each including a 10% rent increase. The lease is a NNN (Net, Net, Net) structure, minimizing landlord responsibilities. The property is zoned C4 (Commercial) and enjoys excellent visibility due to its location near major retailers such as Walmart, Home Depot, and Kroger. The surrounding area features a substantial residential population and a strong employment base, creating a robust consumer demographic. This Subway location offers a compelling combination of a secure, long-term lease, significant upside potential through rent increases, and minimal management requirements, making it an ideal investment for passive income seekers. The asking price is $900,000.