HOOTERS & MANGO'S TROPICAL OASIS 12183-12185 Springfield Pike 16,800 SF Retail Building Cincinnati, OH 45246 $3,080,000 ($183.33/SF) 9% Cap Rate

INVESTMENT HIGHLIGHTS

  • Proximity to Major Highway – The subject property is well located by Springfield Pike and the I-275 interstate.
  • Blossoming Local Market – Cincinnati has a diverse and growing economy that is home to many Fortune 500 companies like Procter & Gamble, Kroger
  • Surrounding Development – Just south of the property, 216 new apartment units completed construction within the last two years (Array Apartments).
  • Large Parcel – Per LandVision, the subject property sits on roughly ±3.01 acres of land. This helps to provide more space for parking
  • Dense Population – There are over ±146,000 people within a 5-mile radius to the property and ±640,700 within a 10-mile radius to the property.
  • Manufacturing Hub – Across from the subject property is home to Cincinnati’s largest industrial manufacturing hub.

EXECUTIVE SUMMARY

Broker of Record
Matt Wallace
License No. REC.2022007141 (OH)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
950 Main Ave.,
Suite 510, Cleveland, OH 44113

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
16,800 SF
Building Class
C
Year Built
1990
Price
$3,080,000
Price Per SF
$183.33
Cap Rate
9%
NOI
$277,200
Tenancy
Single
Building Height
2 Stories
Building FAR
0.13
Lot Size
3.01 AC
Zoning
GR
Parking
100 Spaces (5 Spaces per 1,000 SF Leased)
Frontage
79’ on Springfield Pike

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Accommodation and Food Services
  • -
  • -
  • Triple Net
  • Jun 2023

Hooters of America, is known for its world famous Hooters Style chicken wings, the first Hooters opened its doors in 1983 in Clearwater, Florida. Expectations were so modest at the time that the simple fact the doors opened was deemed worthy of a toast. Since then millions have been liberated from the ordinary at Hooters while enjoying great food, fun and one-of-a-kind hospitality that can only be served up by the Hooters Girls.

  • Mangos Tropical Oasis
  • Accommodation and Food Services
  • -
  • -
  • Triple Net
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Accommodation and Food Services - - Triple Net Jun 2023
Mangos Tropical Oasis Accommodation and Food Services - - Triple Net -

NEARBY MAJOR RETAILERS

Pappadeaux Seafood Kitchen
Nathan's Famous
Roosters
Jazzercise
Olive Garden
Fifth Third Bank
First Watch
Planet Fitness
LaRosa's Pizzeria

PROPERTY TAXES

  • Listing ID: 35442991

  • Date on Market: 4/10/2025

  • Last Updated:

  • Address: 12183-12185 Springfield Pike, Cincinnati, OH 45246