Tiffin, Ohio

Offering Summary

  • Status: accepted offer
  • Price: $544,000
  • CAP Rate: 5.25%
  • Term: 10.2 Years
  • Net Operating Income: $28,563
  • Price/SF: $182.37
  • Year(s) Built: 1995
  • Lot Size (Acres): 0.502
  • Lease Type: Absolute NNN Ground Lease
  • Bite-Sized RTM-Franchised Arby’s Abs. NNN Ground Lease
  • New 10-Year Lease Extension through 8/2030; Tenant Since 1995
  • Extremely Low Rent of $28,563/Year – Equivalent to $9.58/SF on the Building GLA
  • Absolute NNN Lease – Zero Landlord Responsibilities
  • College-Town Location – Tiffin is Home to Tiffin University and Heidelberg University with a Combined Enrollment of 4,000+ Students
  • Recently Remodeled to Latest Modern-Design Prototype at Tenant’s Cost
  • 10% Rent Increase in 2025 Increases Cap Rate 53 Basis Points to 5.78%
  • Outparcel to Kroger-Anchored Shopping Center – Primary Shopping Destination for the Tiffin Market
  • Infill Demographics with 11,941 Residents within 1-Mi
  • RTM is the Largest Subsidiary and Operator of Arby’s with 565 Locations Nationwide
  • Two, 5-Year Options Remaining with 10% Rent Increases in Each
  • High Intrinsic Value in the Real Estate – Low Basis and Low $182 Price/SF
  • Situated Along W Market Street – Area’s Primary Retail Corridor with Walmart, Lowe’s, Cinemark, Aldi, Harbor Freight, Big Lots, Tractor Supply Co., and Dozens of Restaurants and Small-Shop Retailers
  • Tiffin is Part of the Toledo MSA and is the

Scott Wiles