Subway
$375,000
422 S Washington St, Jefferson Township, OH 45347
For Sale
Retail
Free Standing
Active
Last Updated: 03/29/2025
6.19
Cap Rate
23,220
NOI
Details:
Cap Rate: 6.19%
NOI: $23,220
Building Size: 1,548 sqft
Lot Area: 0.82 acres
Occupancy: 100%
Year Built: 1954
Floors: 1
Highlights:
- 3+ Year Lease | Stable Cash Flow Investment | Minimal Landlord Responsibilities | Three (5-Year) Options To Renew w/ Increase
- 2% Annual Increases In The Options Providing a Strong Hedge Against Inflation
- Attractive Low Rent / Price Point | Recession/Depression Proof
- Minimal Competition in Immediate Market | Dominant QSR in Trade Area
- 6.6 Miles to Richmond, IN
- Two Points of Ingress/Egress on S Washington St
- Average Household Income in 3 Miles Exceeds $71,000
- Over 21,522 People in a 5-Mile Radius
- Location Benefits from Subway's Latest Fresh Forward Prototype
- Lease Backed by Vision Investment Group | An Established 50+ Unit Operator Based in Bluffton, IN
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