Property profile

166 Mansfield Ave Shelby, OH 44875

OFF-MARKET
Turn key restaurants
Property ID
US66-2087507
3,141 SF 0.27 ac lot Built 1989
Entity Owned 8-yr Hold Free & Clear
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Property summary

AI-generated overview

The property is a quick-serve drive-through restaurant facility consisting of a 3,442-square-foot building located on a 0.93-acre parcel. The site is situated along the west side of Mansfield Avenue in Shelby, Ohio, with frontage on Mansfield Avenue and placement at a non-signalized corner, providing vehicle access and high street visibility. The listing reports traffic counts of 13,600 vehicles per day. The property was configured for a drive-through restaurant use and is described as being governed by an absolute NNN structure with a guaranteed lease and a remaining term extending more than 14 years on an original 20-year term that began in 2018; the lease includes scheduled rent increases every five years tied to the lesser of 2.0x CPI or 10%, with options.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1989
Construction FRAME
Total area 3,141 SF
Lot 0.27 ac (11,888 SF)
APN 017-80-222-03-000
UPID US66-2087507

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant Take-out & Catering

Location

166 Mansfield Ave Shelby, OH 44875-9429
Shelby metro Census 2700 MANSFIELD, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$375k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$375k

Owner & transaction history

since 2018
2 recorded transactions
2018
$1.9M
2010
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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