113 West Smith Road in Medina, Ohio has an 8 year modified net lease to Thyme2 restaurant. The building is for sale. The lease to Thyme is from January 1, 2019 thru December 31, 2027. The responsibility of the landlord is the roof, structure of the building, walls, insurance and 25% of the property taxes. There is access to 75 parking spaces maintained by Medina City including snow plowing. In 2008 the building was completely renovated including a new roof in 2016 with Liquid EPDM covering. The roof has a 15 year warranty. The Net Operating Income is $56,407 and the Cap Rate is 9%. Thyme2 is considered one of the best fine dining restaurants in Medina County.
Property Location: On West Smith Road and public parking on South Court Street. Located within walking distance of Historic Medina Square. 3 miles from I-71