702 E Main St
702 E Main St, Delta, OH 43515
Overview
This double net investment property with an NOI of $73,928.60 is offered at 8.26% cap rate.
The property is located in the village of Delta, Ohio. The tenant, Fresh Encounter, Inc., has operated in this location since 1990. The seller purchased this investment in 1990. Fresh Encounter, Inc. operates 49 similar grocery stores in small towns across the region.
The seller is responsible for the structure, roof (new in 2010) and the property insurance ($3,185 per year). In addition to the rent the tenant pays percentage rent of 1% over $3 Million in revenue capped at $4 Million. The maximum percentage rent of $10,000 has been paid in 22 of the past 25 years.
The current lease expires February 28, 2029, and the tenant has no option to renew. The tenant may be willing to add renewal options to their lease. The tenant currently is paying $5,726.05 per month plus percentage rent annually.
Attachments
For Sale
Secondary Uses: Free Standing, Retail-Pad
- Sale Price
- $895,000
- Price Per SF
- $63.9/SF
- Building Size
- 14,016 SF
- Tenant
- Community Markets
- Sale Terms
- Cash to Seller
- Number of Buildings
- 1
- Floors
- 1
- Year Built
- 1945
- Year Renovated
- 2002
- Roof Type
- Other
- Construction Siding
- Steel Frame
- Construction Type
- Concrete
- Parking Type
- Surface
- Parking Spaces
- 75
- Heat Type
- Natural Gas
- Heat Source
- Other
- Air Conditioning
- Other
- Tenancy
- Single Tenant
- Submarket
- Delta
- Nearest MSA
- Toledo
- Property Use Type
- Investment
- Property Status
- Existing
- Average Occupancy Rate
- 100%
- County
- Fulton
- Created
- 11/17/2025
- Updated
- 11/17/2025
- Listing ID
- 875a968c
- Parcel APN
- 31-059656-00.000
- Additional Parcel APNs
31-059664-00.000
27-052364-00.000
Contact Broker
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