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FREDDY'S - MILFORD, OH 907 Highway 28

3,291 SF Retail Building Milford, OH 45150 £2,337,976 (£710/SF) 6% Net Initial Yield

Investment Highlights

  • LONG -TERM LEASE - Brand new 20-year Absolute NNN lease with attractive 7.50% rental escalations every 5 years with four 5-year options to renew
  • 6th largest Freddy’s franchisee in the U.S
  • 2024 VERY AFFLUENT DEMOGRAPHICS: Population: 76,164 & Average Household Income: $146,310
  • OPERATOR | TENANT - Ram-Z Custard, LLC owns & operates 69 locations, which include 34 Freddy’s restaurants
  • HIGH TRAFFIC COUNTS/VISIBILITY - Positioned on a large ±1.106-acre lot with great access/visibility on Business 58 with traffic counts of 16,305 CPD

Executive Summary

(Building & Land) Fee Simple

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,291 SF
Building Class
C
Year Built
2010
Price
£2,337,976
Price Per SF
£710
Net Initial Yield
6%
NOI
£140,263
Tenancy
Single
Number of Floors
1
Building FAR
0.07
Lot Size
1.11 AC
Zoning
C - Commercial
Parking
30 Spaces (9.12 Spaces per 1,000 SF Leased)
Frontage
184 ft on Ohio 28

Amenities

  • Pylon Sign
  • Restaurant
  • Signage
  • Drive Thru

Links

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Nearby Major Retailers

Freddy's Frozen Custard & Steakburgers
IHOP
Keybank
Fifth Third Bank
Roosters
Bob Evans Restaurants
U.S. Bank
Hot Head Burritos
Skyline Chili
Rent-A-Center

PROPERTY TAXES

Parcel Number 18-25-16E-061 Improvements Assessment £190,196
Land Assessment £87,860 Total Assessment £278,056

PROPERTY TAXES

Parcel Number
18-25-16E-061
Land Assessment
£87,860
Improvements Assessment
£190,196
Total Assessment
£278,056
(402) 730-6021

Contact

  • Listing ID: 34394016

  • Date on Market: 13/12/2024

  • Last Updated:

  • Address: 907 Highway 28, Milford, OH 45150

The Retail Property at 907 Highway 28, Milford, OH 45150 is currently available for sale. Contact Commercial Investment Advisors, INC for more information.

Retail PROPERTIES IN NEARBY NEIGHBOURHOODS

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© 2025 CoStar Group

FREDDY'S - MILFORD, OH | 907 Highway 28
(402) 730-6021 x

FREDDY'S - MILFORD, OH | 907 Highway 28

Kendall Carlsen

(402) 730-6021

(402) 730-6021

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