Property Overview
Price/Rent PSF $ 739,000.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available 23,000
Date Available 02/25/2019
Additional URL Link
Additional parameters Show
Search Demographic Data Explore financing options

Contact

Description

Location
The subject is located off of East Second Street (SR 18) in Defiance. The subject is a junior anchor of what is known as the Kroger Shopping Center, anchored by a corporately owned Kroger store. Other tenants adjacent include First Choice Hair, Fresenius, and Cut Rate Tobacco. National chains in adjacent proximity to the center include Taco Bell, Dollar General, Wendy's, McDonald's, and RiteAid. Two of the city's largest employers, General Motors Powertrain and Defiance Mercy Hospital/Clinic, are within a short drive.

Defiance is known as a regional center between Toledo and Fort Wayne on US 24. It is known for its large retail presence and having a college(Defiance College) and two major hospital campuses.

Sale
Net leased Family Farm and Home. Family Farm and Home is an expanding farm and home retailer with locations in Michigan, Ohio, and Indiana. This store was the first Ohio location for the growing chain. The building is part of the Kroger Shopping Center, with a corporate-owned Kroger as an anchor and a shadow retail center.

The subject was remodeled for the current tenant in 2015. The parking lot was new in 2016. Tenant pays additional rent of $700/month for common area maintenance with no reimbursement. Landlord pays for insurance and Tenant reimburses real estate taxes. The landlord is responsible for roof, structure, HVAC replacement and parking lot.

Location