441 Ackerman Rd
- High-Profile Hotel Ground Lease For Sale
- $3M Renovation by Red Roof Underway
- Base Term Through 2049
- 10% Rental Increases Every 5 Years
- 5-Year Options Through 2079
- Absolute Net, No Landlord Responsibilities
- 113 Total Rooms
- Situated on 2.81 Acres
- Parcel ID: 010-294268, 010-294269
- Close Proximity to The Ohio State University
- 1% to Cooperating Broker
Property Description
This high-profile hotel ground lease offers a strong long-term investment with a base term running through 2049 and five-year extension options available through 2079. The Red Roof property is currently undergoing a $3 million renovation and includes 113 total rooms situated on 2.81 acres. The lease features 10% rental increases every five years and benefits from its close proximity to The Ohio State University.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Hospitality |
| Price: | $2,750,000 |
| Year Built: | 1984 |
| Lot Size: | 2.81 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
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