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
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
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 Population13,03387,366183,508
Population Median Age343636
Population by Age0-9 Yrs1972 (15%)12972 (14%)25800 (14%)
10-19 Yrs1803 (13%)12327 (14%)26748 (14%)
20-29 Yrs2050 (15%)13404 (15%)29062 (15%)
30-39 Yrs1695 (13%)11069 (12%)23558 (12%)
40-49 Yrs1855 (14%)10529 (12%)21757 (11%)
50-59 Yrs2002 (15%)11843 (13%)24303 (13%)
60-69 Yrs1153 (8%)8821 (10%)18535 (10%)
70+ Yrs503 (3%)6401 (7%)13744 (7%)
Median HH Income$21,976$27,952$34,704
Total Household Income< 24K2932 (54%)16225 (45%)27709 (37%)
25-49K1413 (26%)9777 (27%)20869 (28%)
50-74K534 (9%)4475 (12%)11513 (15%)
75-99K248 (4%)2429 (6%)6580 (8%)
100-199K286 (5%)2276 (6%)6733 (9%)
200K+9 (0%)298 (0%)829 (1%)
Highest Education LevelNo Diploma19671210719144
Diploma or GED32742078141098
Some College18471278528251
Assoc. Degree727448611168
Bachelors Degree355351610934
Higher Degree24421636010
Total Housing Units7,03445,40389,732
--Owner-Occupied1,73315,83238,081
--Renter-Occupied3,68919,64936,152
Owner-Occupied Values< 100K16121229427210
100-199K5728698633
200-299K343621454
300-399K30151403
400-499K058127
500K+098255
Total Working Age Population10,00666,691142,409
In Work Force5,35237,82386,576
Not In Work Force4,65428,86855,833
Workforce Employed4,48932,22676,590
Workforce Unemployed8635,5689,849
Civlian Workforce5,35237,79486,439
Military Workforce029137
Total Households5,42235,48174,233
Family Households2,76619,70942,461
Non-Family Households2,65615,77231,773
Married Couple1,2748,39021,329
Other Family1,49211,31921,132
Married w/Child4672,8837,738
Single Male w/Child1841,4082,993
Single Female w/Child7975,4899,871

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Ohio11,353,140+211,536,504011,574,870011,615,100
Lucas County455,054-3441,815-3430,450-2420,080
Wood County121,065+4125,488+4130,870+3134,280

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

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.

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Listing Agent
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