432 Main St Grafton, OH 44044-1245
Property profile & analytics
432 Main St, Grafton, OH 44044-1245
- Banks
- 3,444 SF
- 1.05 lot acres
Property ID
US66-4382170
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Banks
Property Details for 432 Main St
- Lot size
- 1.05 lot acres
- 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.
Value Estimations
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Grafton
- County
- Lorain
- State
- Ohio
- Longitude
- -82.0634
- Latitude
- 41.2849
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$7,860
$32,018
$111,300
$143,318
-
$91,480
$318,000
$409,480
