Tiffin, OH - 7 Brew
$1,500,000
876 West Market Street, Tiffin, OH 44883
6
Cap Rate
90,000
NOI
Details:
Description:
• The tenant has 14 years remaining on the initial term, with three 5-year renewal options, demonstrating long-term commitment to the site
• Brew Team OH, LLC franchisee guaranteed ground lease
• The franchisee, Brew Team OH, LLC, currently operates 11 locations and is actively expanding, with plans to reach 13 stores by June 30, 2026, and 20 locations by year-end 2026
• The lease features 10% rental increases every five years throughout the lease and at the beginning of each option period
• The site is outparceled to a Hobby Lobby anchored center with additional national and credit tenants such as Panda Express, Jimmy John’s, and Planet Fitness
• The subject property is located in a high-traffic corridor with access to major thoroughfares such as W Market St (19,000 VPD) and Hwy 224 (13,000 VPD)
• The site benefits from excellent frontage visibility along W Market St
• Adjacent to Westgate Village Shopping Center, a Kroger-anchored center with tenants such as Harbor Freight, Bealls, Shoe Sensation, Sherwin-Williams and more
• 7 Brew is located in a dense retail corridor with major national and credit tenants, including Walmart Supercenter, Aldi, Lowe’s Home Improvement, Tractor Supply Co., Chipotle, McDonald’s, Dunkin’, Taco Bell, and more
Location
Gallery