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3573 Springdale Rd 4,097 SF Retail Building Cincinnati, OH 45251 $1,100,000 ($268.49/SF) 6% Cap Rate
EXECUTIVE SUMMARY
Arby's NNN Rare Find Price Point!
Sale/Leaseback
Located 1 block off Heavily Traveled Colerain Ave. (5) lanes
Large QSR and Retail area.
20 year lease.
With 5.85% Bumps every 5 years.
4 - 5 year options
Renovated 2017
Ross, Marshals, AT&T, Cheddars, White Castle, Walgreens, Ulta, Longhorn, AAA, Ashley Furniture, FireStone, Panera Bread, Starbucks, Five Guys, Chipolte, Lazy Boy, Canes, Urgent Care and many More!
Sale/Leaseback
Located 1 block off Heavily Traveled Colerain Ave. (5) lanes
Large QSR and Retail area.
20 year lease.
With 5.85% Bumps every 5 years.
4 - 5 year options
Renovated 2017
Ross, Marshals, AT&T, Cheddars, White Castle, Walgreens, Ulta, Longhorn, AAA, Ashley Furniture, FireStone, Panera Bread, Starbucks, Five Guys, Chipolte, Lazy Boy, Canes, Urgent Care and many More!
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
4,097 SF
Building Class
C
Year Built
1979
Price
$1,100,000
Price Per SF
$268.49
Cap Rate
6%
NOI
$66,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.95 AC
Zoning
Commercial
Parking
40 Spaces (9.76 Spaces per 1,000 SF Leased)
Frontage
174’ on Springdale Rd
AMENITIES
- Pylon Sign
- Drive Thru
Walk Score®
Very Walkable (70)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 510-0103-0118 | Improvements Assessment | $153,090 |
| Land Assessment | $179,410 | Total Assessment | $332,500 |
PROPERTY TAXES
Parcel Number
510-0103-0118
Land Assessment
$179,410
Improvements Assessment
$153,090
Total Assessment
$332,500
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3573 Springdale Rd
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