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Chart House 405 Riverboat Row 10,513 SF Retail Building Newport, KY 41071 $1,285,000 ($122.23/SF) 7% Cap Rate
EXECUTIVE SUMMARY
ATTRACTIVE LEASE TERMS
• Recently renewed through April 2036
• Significantly below market rent at just $90,000/year
• “Hands-Off” lease with landlord responsibilities limited to structural components of the building
• Being on a ground lease allows for increased accelerated depreciation
PREMIER LOCATION
• Trophy location along the banks of the Ohio River with stunning views of Downtown Cincinnati, Mt. Adams and other Cincinnati landmarks
• Adjacent to Vue 180 Apartments, SouthShore Condominiums and Fairfield Inn hotel providing a built-in customer base
• Immediate Access to I-471 (104,074 VPD)
• Surrounded by destination attractions
- Downtown Cincinnati (23.6 MM Annual Visits)
- Newport on the Levee (2.8 MM Annual Visits)
- The Party Source (554 k Annual Visits)
- Hofbräuhaus (243 k Annual Visits)
- Megacorp Pavilion (98 k Annual Visits)
STRONG NATIONAL BRAND
• 22 Chart House locations Nationally
• Under the Landry’s, Inc. umbrella of companies, Landry’s owns and operates over 600 restaurants, hotels, casinos and other entertainment destinations globally.
• Over 46 years track record of success
OUTSTANDING DEMOGRAPHICS
• 3-Mile Radius
- Population: 151,857
- Average HH Income: $98,632
- 2025-2030 Proj. Population Growth: 5%
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Accommodation and Food Services
- -
- -
- -
The Chart House concept was born on Independence Day in 1961, the brainchild of famed Hawaiian surfer Joey Cabell and U.S. Navy man Buzzy Bent. The first location was modest, with just a few tables in a converted diner. However, two principles present in 1961 remain staples of every Chart House location – great food and equally impressive views. Today, Chart House restaurants overlook the coasts of both the Atlantic and the Pacific, and other scenic locations in between. And while they stretch from sea to shining sea, every location remains committed and specialized to its local community. Whether you choose to dine at our location 750 feet above San Antonio in the Tower of the Americas, at their Cardiff by the Sea restaurant with the surf breaking right at your table or at their Weehawken location with breathtaking views of the Manhattan skyline, you can't go wrong with one of their signature fish specialties, slow-roasted prime rib and delicious salads.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Accommodation and Food Services | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 999-99-35-291.00 | Improvements Assessment | $2,467,461 |
| Land Assessment | $0 | Total Assessment | $2,467,461 |
PROPERTY TAXES
Presented by
Chart House | 405 Riverboat Row
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