Listed by Encore Real Estate Investment Services
$2,658,000
Family Farm & Home
Details
Property Type Retail
Sub Type Storefront
Square Footage 102,364
Cap Rate 6.75%
NOI $179,455
Occupancy 100%
Tenancy Single
Lease Type Net
Lease Term 17.1
Lease Expiration 02/28/2033
Remaining Term 6.7
Rent Bumps Yes
Lease Options (2) Five Year Options
Price per SqFt $26
Year Built 1971
Year Renovated 2007/2015
Buildings 1
Stories 1
Acreage 11.240
Investment Type Net Lease
Lease Commencement 02/01/2016
VERY LOW $26 PSF | ATTRACTIVE RENT PSF | RETAIL & DISTRIBUTION HUB
Investment highlights
- Free Standing Single Tenant Family Farm & Home Located In Northwood, OH (Toledo MSA)
- Retail & Distribution HUB | 102,364 SF Situated On 11.24 Acres
- In 2023 Family Farm & Home Signed Ten Year Lease Renewal Showing Commitment To Location
- 7% Rental Increases Every Five Years Including (2) Five Year Renewal Options
- Very Attractive Low Cost of Occupancy | Low Rent & Price Per Square Foot
- Renovated In 2007 & 2015 | All New HVAC, Electrical and Mechanical 2015
- Northwood Location Contains Approx. 40,000 SF of Retail & 62,364 SF of Warehouse/Distribution Space
- Family Farm & Home Has 70 Retail Locations Across Five States - Michigan, Indiana, Ohio, Maryland & Pennsylvania
- New Development Being Completed By City of Northwood Known As The "Enclave Development" | 120 Acre Development Across The Street From Subject Property
Listing Contacts
Listed by Encore Real Estate Investment Services
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Loan Amount
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Annual Debt Service
$--
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Annual Cash Flow
$179,455.00
$14,954.58/mo
Valuation Metrics
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DSCR
6.75%
Cap Rate
6.75%
ROI
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