108 Main Street

Toledo, OH 43605

Listing ID: 196951

$1,145,000

For Sale

Property Type Retail : Food Service
Lot Size Acres 0.540
Building Sq Ft 2,438
Building Price per Sq Ft $469.65
Land Sq Ft 23,522
Land Price per Sq Ft $48.68

108 Main Street Toledo, OH 43605 - main image

Description

Description
Absolute Net Wendy's Restaurant. Tenant is Meritage Hospitality Group (OTC: MHGU), with 333 restaurants in 16 states, over different brands. Over six years remaining on the original 20-year lease, with two 10 year options. Annual rent bumps of 1.75% Corner location. Annual rent of $88,876 at March 1 bump.
Highlights
Absolute Net Lease- No Landlord Responsibilities
Six Years Remaining with Two 10 Year Options
Annual Rent Bumps of 1.75%
Strong Franchisee, Meritage Hospitality Group (OTC: MHGU), 333 Restaurants
$45 million development being built to the North
Area of Venue Restaurants, Other National Fast Food

Attachments & Files

wendysmainstsalebrochure-h2I-4gq.pdf

Listing Demographics

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

		1-Mile	3-Miles	5-Miles
Total Population		13,033	87,366	183,508
Population Median Age		34	36	36
Population by Age	0-9 Yrs	1972 (15%)	12972 (14%)	25800 (14%)
	10-19 Yrs	1803 (13%)	12327 (14%)	26748 (14%)
	20-29 Yrs	2050 (15%)	13404 (15%)	29062 (15%)
	30-39 Yrs	1695 (13%)	11069 (12%)	23558 (12%)
	40-49 Yrs	1855 (14%)	10529 (12%)	21757 (11%)
	50-59 Yrs	2002 (15%)	11843 (13%)	24303 (13%)
	60-69 Yrs	1153 (8%)	8821 (10%)	18535 (10%)
	70+ Yrs	503 (3%)	6401 (7%)	13744 (7%)

Median HH Income		$21,976	$27,952	$34,704
Total Household Income	< 24K	2932 (54%)	16225 (45%)	27709 (37%)
	25-49K	1413 (26%)	9777 (27%)	20869 (28%)
	50-74K	534 (9%)	4475 (12%)	11513 (15%)
	75-99K	248 (4%)	2429 (6%)	6580 (8%)
	100-199K	286 (5%)	2276 (6%)	6733 (9%)
	200K+	9 (0%)	298 (0%)	829 (1%)

Highest Education Level	No Diploma	1967	12107	19144
	Diploma or GED	3274	20781	41098
	Some College	1847	12785	28251
	Assoc. Degree	727	4486	11168
	Bachelors Degree	355	3516	10934
	Higher Degree	244	2163	6010

Total Housing Units		7,034	45,403	89,732
--Owner-Occupied		1,733	15,832	38,081
--Renter-Occupied		3,689	19,649	36,152
Owner-Occupied Values	< 100K	1612	12294	27210
	100-199K	57	2869	8633
	200-299K	34	362	1454
	300-399K	30	151	403
	400-499K	0	58	127
	500K+	0	98	255

Total Working Age Population		10,006	66,691	142,409
In Work Force		5,352	37,823	86,576
Not In Work Force		4,654	28,868	55,833
Workforce Employed		4,489	32,226	76,590
Workforce Unemployed		863	5,568	9,849
Civlian Workforce		5,352	37,794	86,439
Military Workforce		0	29	137

Total Households		5,422	35,481	74,233
Family Households		2,766	19,709	42,461
Non-Family Households		2,656	15,772	31,773
Married Couple		1,274	8,390	21,329
Other Family		1,492	11,319	21,132
Married w/Child		467	2,883	7,738
Single Male w/Child		184	1,408	2,993
Single Female w/Child		797	5,489	9,871

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Ohio	11,353,140	+2	11,536,504	0	11,574,870	0	11,615,100
Lucas County	455,054	-3	441,815	-3	430,450	-2	420,080
Wood County	121,065	+4	125,488	+4	130,870	+3	134,280

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While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.