432 Main St Grafton, OH 44044-1245

Property Details for 432 Main St

Lot size

1.05 lot acres

Property size

3,444 SF

Property type

Banks

APN

11-00-099-000-425

APU

1100099000425

Description

This exceptional investment opportunity presents a newly constructed, 2,400-square-foot Taco Bell restaurant in Grafton, Ohio, situated on a 1.05-acre lot. The property boasts a 20-year absolute triple-net (NNN) ground lease with a strong franchisee tenant (operating 250+ units) guaranteeing consistent income. The lease includes 10% rent increases every five years, providing inflation protection and growing net operating income (NOI). Located on a major thoroughfare (State Highway 57) with 10,000 vehicles passing daily, this property benefits from high visibility and convenient access. The strategic location near schools and other retail establishments, including a McDonald's, ensures strong tenant synergy and a robust customer base. The property's drive-thru further enhances customer convenience. With a current NOI of $112,000 and a 6.00% cap rate, this offering presents a compelling return on investment. The property is zoned for general business (GB) and is part of a thriving retail corridor serving a population of over 34,700 residents and 7,000 employees within a 5-mile radius, boasting an average household income of $95,066. The asking price is $1,867,000, with a price per square foot of $777.92. The property's APN is 11-00-099-000-425. This is a leased fee ownership opportunity, meaning the land is owned outright, eliminating landlord responsibilities.