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Browse More Listings in Retail For Sale, Dayton, OH or Ohio

Retail Property For Sale

10% CAP | 3 Asset Lone Star Steakhouse Portfolio

6868 Miller Lane, Dayton, OH 45414

Price:
$4,450,260
Building Size:
16,152 SF
Price/SF:
$275.52
Property Type:
Retail
Property Sub-type:
Free Standing Bldg
Property Use Type:
Net Lease Investment with 10+ years left on lease
Cap Rate:
10%
Occupancy:
100%
Tenancy:
Single
Find Out More...

Last Verified 11/2/2009 Listing ID 16284501

Highlights

100% Absolute Net Leased Asset- Fee Simple Interest
Rare 10% CAP Rate
180 Location Operation- Corporate Lease

$332M in Annual Sales - $133M Net Worth
Annual 2% Bumps
Other Locations Available

Description

The property is a single tenant net leased asset occupied by Lone Star Steakhouse & Saloon on a 15 year absolute net lease. The lease calls for no landlord obligations and is backed by LSF5 Cactus (the operating company of 180 Lone Star Steakhouse & Saloon Restaurants). There are 2% annual rent increases and two 5 year renewal options.

The assets are located in Dayton, OH; Lawton, OK; and Oxford, AL.

Financial Summary

Actual
Year
2009
Net Operating Income
$445,026

Map of 6868 Miller Lane, Dayton, OH 45414 (Montgomery County)

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Presented by

The Kase Group

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Contact Listing Broker

Lindsey Lantis (831) 566-6270

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Created 6/18/2009

Additional Information for 6868 Miller Lane, Dayton, OH 45414

Active For Sale - 3 Listings
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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10% CAP | 3 Asset Lone Star Steakhouse Portfolio
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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Retail Property For Sale - 10% CAP | 3 Asset Lone Star Steakhouse Portfolio

6868 Miller Lane, Dayton, OH, 45414