Popeyes | New 15yr SLB | Abs NNN | DriveThru 11820 Lebanon Rd

Investment Highlights

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

Executive Summary

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, CCIMAgentHoty Enterprises, Inc. mac@hoty.comD: 419.609.7000 | M: 419.357.4004 5003 Milan RoadSandusky, OH 44870OH License No. 000385308

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Freestanding Freestanding General Retail Fast Food General Retail Restaurant Freestanding
• Building Size    3,300
• Year Built    2022
• Price    2,435,000
• Price Per SF    738
• Cap Rate    5.75
• NOI    140,000
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.09
• Land Acres    0.86 AC

• Freeway Visibility
• Restaurant
• Signage
• Drive Thru