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2298 Elida Rd
Lima, OH 45805
Retail Property For Sale
Investment Highlights
- 12 Year Sale Leaseback at COE w/ 12% Rent Increases every 4 years During Initial Term
- Hard Corner in Primary Retail Corridor
- Tenant has been at this location for 30 years - Proven staple in the community
Executive Summary
This investment opportunity features a single-tenant retail building leased to Dunkin’s Diamonds, a well-established regional jewelry brand with over 29 years at this location. The property is offered at $2,400,000 with an in-place cap rate of 8.00%, supported by a strong corporate-backed guarantee. Secure income is ensured through an absolute NNN lease structure, leaving the landlord with zero management responsibilities.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,802 SF
Building Class
B
Year Built
1996
Price
$3,336,648 CAD
Price Per SF
$877.60 CAD
Cap Rate
8%
NOI
$266,932 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.30
Lot Size
0.29 AC
Parking
17 Spaces (4.47 Spaces per 1,000 SF Leased)
Frontage
197’ on Elida Road
Property Taxes
| Parcel Number | 36-23-11-03-004.000 | Improvements Assessment | $187,590 CAD |
| Land Assessment | $57,311 CAD | Total Assessment | $244,901 CAD |
Property Taxes
Parcel Number
36-23-11-03-004.000
Land Assessment
$57,311 CAD
Improvements Assessment
$187,590 CAD
Total Assessment
$244,901 CAD
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