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3939 Red Bank Rd
Cincinnati, OH 45227
FREDDY'S - (RED BANK) - CINCINNATI, OH · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- LONG -TERM LEASE - Brand new 20-year Absolute NNN lease with attractive 7.50% rental escalations every 5 years with four 5-year options to renew
- Adjacent to Walmart Supercenter - positioned on a ±0.79-acre lot with great access/visibility on Red Bank Rd
- 2024 VERY AFFLUENT DEMOGRAPHICS: Population (5-mi): 216,886 & Average Household Income (3-mi): $138,056
- OPERATOR | TENANT - Ram-Z Custard, LLC owns & operates 74 locations, which include 39 Freddy’s restaurants
- Traffic counts of 28,182 CPD!
- 6th largest Freddy’s franchisee in the U.S., and 39 Schlotzsky’s locations, the largest Schlotzsky’s franchisee in the country
EXECUTIVE SUMMARY
(Building & Land) Fee Simple
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,607 SF
Building Class
B
Year Built
2016
Price
$2,440,000
Price Per SF
$676.46
Cap Rate
6.25%
NOI
$152,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.79 AC
Zoning
C
Frontage
50’ on Red Bank Road
AMENITIES
- Restaurant
- Signage
- Drive Thru
PROPERTY TAXES
| Parcel Number | 038-0002-0428 | Improvements Assessment | $235,900 |
| Land Assessment | $201,600 | Total Assessment | $437,500 |
PROPERTY TAXES
Parcel Number
038-0002-0428
Land Assessment
$201,600
Improvements Assessment
$235,900
Total Assessment
$437,500
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