Popeyes | New 15yr SLB | Abs NNN | DriveThru

3,300 SF | Retail Building | Cincinnati, OH 45241 | $2,435,000 ($738/SF) | 5.75% Cap Rate

Asking Price $2,435,000

Property Type: Retail, Restaurant
Square Feet: 3,300 SF
Price / Square Foot: $738

Listing Contacts

Patrick Luther

Verified Profile

Matthew Mousavi

Verified Profile

Property Info

Property Overview

SRS Real Estate Partners in collaboration with Hoty Enterprises, Inc., is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, freestanding, drive-thru equipped Popeyes investment property located in Cincinnati, OH. The tenant will sign a brand new 15-year lease with 5 (5-year) options upon close of escrow, demonstrating their long-term commitment to the site. The lease features 1.50% annual rental increases throughout the initial term and options, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making this an ideal, management-free investment opportunity for a passive investor. The building, which opened in 2022, features a state-of-the-art design using the highest-grade materials available.
MAC LEHRER, CCIM
Agent
Hoty Enterprises, Inc.
[email protected]
D: 419.609.7000 | M: 419.357.4004 5003 Milan Road
Sandusky, OH 44870
OH License No. 000385308

Property Details

Year Built: 2022
Stories: 1
Property Subtype: Freestanding
Lot Size (sq. ft): 37,462 SF

Highlights

New 15 Year Leaseback | Scheduled Rental Increases | Franchisee Guaranteed | Well-Known & Established Brand
Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Dense Trade Area | Near Sharonville Plaza (168K+ SF) |Strong Rent to Sales | National & Regional Tenant Presence
Located Along Lebanon Road | Centralized Location | 2022 Construction | Drive-Thru Equipped | Excellent Visibility
Direct Residential Consumer Base | Affluent Community

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