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VERMILION FARM MARKET 2901 Liberty Ave 25,000 SF Retail Building Vermilion, OH 44089 $3,160,260 CAD ($126.41 CAD/SF) 8% Cap Rate
Investment Highlights
- LONG-TERM LEASE: Secure stability with a lease structure designed for sustained growth.
- ANNUAL RENT INCREASES: Benefit from predictable cash flow with built-in annual rent escalations that enhance long-term returns.
- Located in a thriving area with an average household income of $92,484 within a 5-mile radius, indicating strong purchasing power and market viability
- ABSOLUTE NNN LEASE: Enjoy a hassle-free investment with no landlord responsibilities, ensuring a passive income stream.
- PRIME LOCATION: Strategically situated adjacent to a new housing development of 700 homes, offering potential for increased foot traffic and demand.
Executive Summary
Broker of Record
Matt Wallace
License No. REC.2022007141 (OH)
Matt Wallace
License No. REC.2022007141 (OH)
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
25,000 SF
Building Class
B
Year Built
1995
Price
$3,160,260 CAD
Price Per SF
$126.41 CAD
Cap Rate
8%
NOI
$252,821 CAD
Tenancy
Single
Building Height
1 Story
Loading Docks
4 Exterior
Building FAR
0.20
Lot Size
2.84 AC
Zoning
C - Commercial
Parking
95 Spaces (3.8 Spaces per 1,000 SF Leased)
Frontage
107’ on Liberty Ave
Amenities
- Signage
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 01-00-005-104-098 | Improvements Assessment | $550,828 CAD |
| Land Assessment | $52,943 CAD | Total Assessment | $603,769 CAD |
Property Taxes
Parcel Number
01-00-005-104-098
Land Assessment
$52,943 CAD
Improvements Assessment
$550,828 CAD
Total Assessment
$603,769 CAD
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VERMILION FARM MARKET | 2901 Liberty Ave
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