STAYBRIDGE SUITES | NNN GROUND LEASE

  • $2.8M
Featured For Sale
2300 Village Drive Building, Maumee, OH 43537, USA
Featured

STAYBRIDGE SUITES | NNN GROUND LEASE

2300 Village Drive Building, Maumee, OH 43537, USA
  • $2.8M

Description

Marketing Description
Staybridge Suites by IHG Hotel | Absolute Net Ground Lease
Located at The Shops at Fallen Timbers Lifestyle Retail Shopping Center | Significant Value of Hotel & Improvements | Affluent Area: $125k+ Average HH Income within 3-Miles

Investment Highlights
Absolute Net Ground Lease Featuring 5% Rental Increases at Each Option. Significant Value of the Hotel and Improvements Providing Low Risk and Security. Features Pricing Below Replacement Cost, Low Price / SF, and Price / Acre.
Positioned Along Area’s Major Retail & Traffic Corridor – Excellent Access and Visibility from US-24, a key thoroughfare connecting Toledo to Fort Wayne (Indiana) to the South, and Dearborn (Michigan) to the North.
Strong Personal Guarantee throughout the Initial Term and Options. Personal Guarantor Considered the Richest Person in 2018 for North Dakota Featuring a Net Worth of $900 Million per Forbes.
Populated Affluent Area: Features an Average Household Income of $125k+ within a 3-Mile radius and 74k+ People Residing within a 5-Mile Radius.
Located within The Shops at Fallen Timbers, a 641k+ SF Retail Lifestyle Center Shopping Mall Featuring more than 90 Stores. Anchor Tenants Include Dillard’s, JCPenney and Barnes & Noble.
1 mile away from St. Luke’s Hospital – A 314 Bed Health Care Facility that offers a wide range of Critical Care to Patients.

Broker of Record
Ohio BOR: Michael Glass | 230 West St, Suite 100, Columbus, OH 43215 | Tel: (614) 360-9800
License: OH: BRK.2007005898

Details

Updated on June 18, 2019 at 8:21 pm
  • Property ID: 11063
  • Price: $2.8M
  • Property Size: 45000 sqft
  • Year Built: 2007
  • Property Type: Retail
  • Property Status: For Sale
  • Price Per/Sf: 62.93
  • Lot Size (acres): 3.11
  • Last Remodel Year: 2017
  • Cap Rate: 4.75%
  • Net Operating Income: 134,505

Additional details

  • Tenant Credit: Corporate Guarantee
  • Lease Term: 15 years
  • Rent Commencement: 07/15/2008
  • Lease Expiration: 01/31/2024
  • Remaining Term: 4.6 years
  • Lease Options: Seven, 5-Year
  • Ground Lease: Yes
  • Address 2300 Village Drive Building, Maumee, OH 43537, USA
  • City Maumee
  • State/county Ohio
  • Zip/Postal Code 43537
  • Country United States

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What's Nearby?

Education
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Food
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What's The Scoop (0.15 mi)
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Jed's Fallen Timbers (0.16 mi)
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P.F. Chang's (0.21 mi)
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Contact Information

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Alvin Mansour
  • Alvin Mansour
  • (858) 373-3184

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Alvin Mansour
  • Alvin Mansour