Retail Space
108 Main Street Toledo, OH 43605
Details & Description
Price: $1,145,000
    DescriptionAbsolute 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.HighlightsAbsolute Net Lease- No Landlord ResponsibilitiesSix Years Remaining with Two 10 Year OptionsAnnual Rent Bumps of 1.75%Strong Franchisee, Meritage Hospitality Group (OTC: MHGU), 333 Restaurants$45 million development being built to the NorthArea of Venue Restaurants, Other National Fast Food
    Listing Agents
    Mark Baringer

    O: 419-960-4410
    M: 419-438-5839
    mbaringer@naiharmon.com
    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.

    108 Main Street

    Toledo, OH 43605

    Listing ID: 196951
    108 Main Street Toledo, OH 43605 | for Sale | Photo 1
    Building Size: 2,438 SF
    Lot Size: 0.540 AC
    Land Size: 23,522 SF
    Building $/SF: $469.65
    Land $/SF: $48.68
    Price
    $1,145,000
    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

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Toledo History of Retail Space for Sale

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    Toledo Area Market Trends

    Listing Demographics for 108 Main Street Toledo, OH 43605

    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

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    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.

    Common Questions and Answers

    What is the asking price for 108 Main Street in Toledo?
    The asking price for 108 Main Street is $1,145,000
    What is the building size of this Retail property in Toledo, OH?
    The size of the building/unit at 108 Main Street in Toledo is 2,438 square feet
    How much land does the Toledo, OH property at 108 Main Street include?
    108 Main Street in Toledo includes 0.540 acres of land
    What kind of Retail is the propery at 108 Main Street?
    The property at 108 Main Street Toledo, OH 43605 is listed as a Food Service Retail property
    What is the population within 1 mile of 108 Main Street in Toledo?
    The population within 1 mile of 108 Main Street Toledo, OH 43605 is 13,033 people.
    Who do I contact for questions about 108 Main Street?
    You should contact the listing agent, Mark Baringer, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Toledo Express Airport (TOL) 15
    Detroit Metropolitan Wayne County Airport (DTW) 40
    Cleveland Hopkins International Airport (CLE) 88