Gillig Winery & Hair Salon
$680,000
1720 County Road 300, Findlay, OH 45840
7.4
Cap Rate
50,395
NOI
Details:
Description:
Coldwell Banker Flag City represents a sale-leaseback opportunity situated just off of I-75 in Findlay, OH. The 6,760 SF facility is occupied by two businesses, divided between the two units in the single building.
The hair salon occupies 3,100 square feet of the building and is under lease until late 2026, which does NOT include property taxes, insurance, and maintenance. With the hair salon lease expiring soon, this provides an opportunity to generate more income by securing a new tenant at current market rates that would increase rental and net operating income.
The winery occupies 3,660 square feet of the building and would lease back with a 5-year term with options after the property conveys. The winery has invested ~$500,000 in leasehold improvements in recent years and is included in the sale of the real estate.
Neither the hair salon or winery business is included in the sale of real estate. However, the winery business could be acquired for an additional cost. More details including financials, equipment, and inventory can be provided to a prospective buyer upon signing a non-disclosure agreement.
Documents:
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1720_CR_300_Findlay__OH_Flyer.pdf
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OM_-_1720_CR_300_Findlay__OH.pdf
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Location
Gallery
