4727 Vine St

Investment Highlights

5 year NN Lease with 3% annual increases starting in year 3 26 parking spaces with drive-thru window and signalized intersection Two nearby high schools and adjacent to Wiedemann's Brewery and Beer Garden Second Chicken Scratch location, original is in Indianapolis Easy access to I-75 and SR-562 and 7,164 VPD along Vine Street Located 200 yards from St. Bernard Square, a $32 million planned development

Executive Summary

Cushman & Wakefield is pleased to present the opportunity to purchase a fully-leased restaurant in the heart of the densely populated Cincinnati neighborhood of St. Bernard. The property was previously occupied by Chili Time, a family run Cincinnati style chili parlor that occupied the space for 59 years. The owners decided to retire and close the business in August 2022. After receiving considerable interest from multiple tenants, the owner leased the property to Chicken Scratch, an established Indianapolis based fried chicken restaurant who executed a five-year NN lease. The Property is being offered for a purchase price of $711,000 which equates to an 8.5% cap rate on in-place NOI of $60,429.60.

• Sale Type    Investment
• Property Type    Retail
• Property Subtype    Restaurant Restaurant General Retail Freestanding Restaurant
• Building Size    3,080
• Building Class    C
• Year Built    1986
• Price    711,000
• Price Per SF    231
• Cap Rate    8.50
• NOI    60,429
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.17
• Land Acres    0.42 AC

• Pylon Sign