Listed by SURMOUNT
$3,193,214
Hot Dog Shoppe
Details
Property Type Retail
Sub Type Restaurant
Square Footage 3,265
Cap Rate 7.00%
NOI $223,525
Tenancy Single
Lease Term 20
Lease Expiration 03/31/2041
Remaining Term 15
Year Built 1978
Acreage 0.200
Tenant Credit Corporate Guarantee
Lease Commencement 04/01/2021
Ground Lease No
Ownership Fee Simple
About This Property for Sale
Marketing description
Surmount is pleased to present the exclusive listing for a Hot Dog Shoppe located at 320 Market Street, East Liverpool, OH 43920. The property consists of approximately 3,265 rentable square feet situated on a 0.18-acre parcel and is strategically positioned within the city’s downtown core along Market Street. This location benefits from strong visibility and accessibility, with proximity to Lincoln Highway, which sees traffic counts exceeding 22,000 vehicles per day, providing exposure to both local residents and regional commuters. The asset is secured by a 20-year Triple Net (NNN) lease that commenced April 1, 2021, featuring an annual rent of $223,525 with 1.50% annual increases, offering steady income growth over the lease term.
Investment highlights
- Downtown Corner Location With Strong Visibility | Strategically positioned along Market Street in the heart of downtown East Liverpool, the property benefits from excellent street frontage, strong visibility, and convenient access within the city’s primary commercial corridor. The site is located directly next to Lincoln Hwy which sees over 22,000 vehicles per day.
- Proximity To Major Employment & Healthcare Drivers | The property is located near East Liverpool City Hospital (130+ beds), Social Security Administration offices, and various municipal buildings, collectively supporting a strong daytime population. These major employment anchors drive consistent daily traffic and provide a stable demand base for surrounding retail and dining options.
- Surrounded By National & Established Local Retailers | Positioned within a diverse retail environment that includes national tenants such as Dollar General, AutoZone, and Giant Eagle, as well as a variety of local businesses and restaurants. This mix of retailers creates strong co-tenancy synergy and reinforces the area as a primary shopping and service destination.
- Regional Connectivity Across Three-State Area | Located near the Ohio, West Virginia, and Pennsylvania border, the property benefits from unique regional connectivity and a broader consumer draw. Immediate access to Lincoln Highway and nearby regional roadways enhances accessibility, while proximity to regional airports supports additional economic activity and long-term growth potential.
Listing Contacts
Listed by SURMOUNT
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$223,525.00
$18,627.08/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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