3939 Red Bank Rd - Fast Food FOR SALE
Cincinnati, OH 45227 |
$2,917,000 USD
402-730-6021
3939 Red Bank Rd
Cincinnati, OH 45227
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
- OPERATOR | TENANT - Ram-Z Custard, LLC owns & operates 69 locations, which include 34 Freddy’s restaurants
- 6th largest Freddy’s franchisee in the U.S
- Adjacent to Walmart Supercenter - positioned on a ±0.79-acre lot with great access/visibility on Red Bank Rd
- Traffic counts of 48,087 CPD!
- 2024 VERY AFFLUENT DEMOGRAPHICS: Population (5-mi): 216,886 & Average Household Income (3-mi): $138,056
FOR SALE DETAILS
PRICE
$2,917,000 USD
PRICE/SF
$790 USD /SF
CAP RATE
6%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
FREDDY'S - (69 UNIT GUARANTY) CINCINNATI, OH
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Bank, Restaurant, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2016
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.79 AC
LAND SF
34,574 SF
ZONING
C
APN/PARCEL ID
038-0002-0428-00
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402-730-6021
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402-730-6021
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