About This Restaurant
Investment Highlights
Long term tenant under lease True NNN lease Well established and operating restaurant tenant Ability to change use/tenant in future
Executive Summary
Established restaurant building for sale with long-standing and successful O'Charleys tenant under lease. Buy this property and collect the rental income from the operating restaurant tenant. True NNN lease, listing price reflects a 6% CAP. Property includes a 6,128 sqft building with 126 parking spaces on 2.353 acres. Property can be purchased in a package with 5095 & 5101 Crookshank Rd or separately.
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Restaurant Restaurant General Retail Freestanding Restaurant
- Building Size 6,128
- Building Class C
- Year Built 1996
- Price 1,610,500
- Price Per SF 263
- Cap Rate 6
- NOI 96,630
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.06
- Land Acres 2.38 AC
Amenities
- Dedicated Turn Lane
- Pylon Sign
Nearby Amenities & Transportation
| Retail | O'Charley's | ||
| Retail | Roosters | ||
| Retail | Buffalo Wild Wings | ||
| Retail | PNC Bank | ||
| Retail | ALDI | ||
| Retail | Starbucks | ||
| Retail | Waffle House | ||
| Retail | LaRosa's Pizzeria | ||
| Retail | Rent-A-Center | ||
| Retail | Nathan's Famous-delivery Only |
Property Taxes
| Parcel Number | 248-0003-0192 | Improvements Assessment | $184,751 |
| Land Assessment | $215,065 | Total Assessment | $399,816 |
| Date Created: | 2024-07-16 04:18:04 | Last Updated: | 2024-07-16 04:18:04 |
| Address: | 5075 Crookshank Rd , Cincinnati, Ohio, 45238 | ||