432 Main StGrafton, OH 44044

For Sale
$1,867,000

20-Year NNN Lease, High-Traffic Location

Overview

Added:
Dec 11, 2024
Days on market:
91
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.

Highlights

  • Brand new 20-year franchisee-guaranteed lease with scheduled rent increases.
  • Absolute NNN lease; fee simple ownership with zero landlord responsibilities.
  • High-traffic location on State Highway 57 (10,000 VPD), drive-thru available, in a fast-food hot spot with limited competition.
  • Strong demographics within a 5-mile radius.

Property Details for 432 Main St

Property type
Other retail properties, Restaurants
Square Feet
2,400 SF
Year Built
2023
Lot Size (sq. ft)
45,738 SF

Location Insight

City
Grafton
County
Lorain
State
Ohio
Latitude
41.2849112
Longitude
-82.0636542
432 Main St, Grafton, Ohio

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432 Main St
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