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851 Eastgate South Dr 2,388 SF Retail Building Cincinnati, OH 45245 $1,100,000 ($460.64/SF) 5.85% Cap Rate
Investment Highlights
- Arby's NNN
- New 20 year Lease with 4 - 5 year Options
- Great Location (32,000 VPD)
- Large Retail Area.
Executive Summary
Arby's NNN Sale Leaseback
Great Price Point.
New 20 year lease with additional 4 - 5 year Options.
7% Rental Escalations every Five years
Great Location in Rapidly Growing Eastern Cincinnati Suburb. 1/2 mile to TQL Office Campus and Hospital (Apts., Residential and Offices)
Located off I - 275 & St. Rt. 32
32,000 VPD
Retail, Restaurants, Hotels, Banks, Office, Large Automotive Area and Residential. (Wal Mart, Kroger, Sam's Club, Dick's, Meijer Gordons, Urgent Care and Most
QSR's) And Many Many More! You name it and it's probably here!
Strong Conservative Franchisee with 72 locations in 7 States.
ALL 72 Stores are structured under 1 Corporate LLC
Arby's Franchisee for over 50 years.
Long Established Arby's location.
Great Price Point.
New 20 year lease with additional 4 - 5 year Options.
7% Rental Escalations every Five years
Great Location in Rapidly Growing Eastern Cincinnati Suburb. 1/2 mile to TQL Office Campus and Hospital (Apts., Residential and Offices)
Located off I - 275 & St. Rt. 32
32,000 VPD
Retail, Restaurants, Hotels, Banks, Office, Large Automotive Area and Residential. (Wal Mart, Kroger, Sam's Club, Dick's, Meijer Gordons, Urgent Care and Most
QSR's) And Many Many More! You name it and it's probably here!
Strong Conservative Franchisee with 72 locations in 7 States.
ALL 72 Stores are structured under 1 Corporate LLC
Arby's Franchisee for over 50 years.
Long Established Arby's location.
Property Facts
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,388 SF
Building Class
C
Year Built
1987
Price
$1,100,000
Price Per SF
$460.64
Cap Rate
5.85%
NOI
$64,350
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.75 AC
Opportunity Zone
Yes
Parking
25 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
180’ on Eastgate South Dr
Amenities
- Pylon Sign
- Drive Thru
Moderately walkable
60/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 41-56-07C-016 | Improvements Assessment | $232,650 |
| Land Assessment | $91,880 | Total Assessment | $324,530 |
Property Taxes
Parcel Number
41-56-07C-016
Land Assessment
$91,880
Improvements Assessment
$232,650
Total Assessment
$324,530
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851 Eastgate South Dr