8501 Beechmont Ave - Fast Food FOR SALE


Cincinnati, OH 45255- Forestville
$3,493,000 USD
704-697-1900
8501 Beechmont Ave, Cincinnati, OH for Sale
$3,493,000 USD
Fast Food - FOR SALE
1/5
null | 5.75% Cap Rate

8501 Beechmont Ave
Cincinnati, OH 45255
Forestville


HIGHLIGHTS

  • POSITIONED ON THE A.M. SIDE OF A MAJOR COMMUTER CORRIDOR
  • BUILT IN CONSUMER BASE - THOUSANDS OF STUDENTS
  • STRONG LEASE FUNDAMENTALS

OVERVIEW

RELOCATION STORE - Panera Bread has operated in this market for many years, and they recently relocated to this freestanding location from an inline shopping center location. HIGH CREDIT FRANCHISEE - Franchisee Guaranty from CAD Capital, LLC - More than 350 locations across the country - CAD Capital is one of the largest franchisees in the United States and the largest Panera Bread Franchisee POSITIONED ON THE A.M. SIDE OF A MAJOR COMMUTER CORRIDOR - Property is located on the morning side of Beechmont Ave (30K VPD) to I-275 (70K VPD), which is the main commuter route to downtown Cincinnati - Over 1.6MSF of retail space in a one mile radius of the site - Nearby National Retail Tenants include: Target, Harbor Freight, Staples, T.J. Maxx, Kroger, ChickFil-A, & more AFFLUENT CINCINNATI MSA - Within a 5-mile radius of the Panera Bread, the population is over 115K - Also within a 3-mile radius the average household income exceeds $125K - Almost 50k houses are located within a 5 mile radius of the subject site BUILT IN CONSUMER BASE - THOUSANDS OF STUDENTS - More than 11,000 students surrounding the site (Anderson High School - 1.5 Mi. - 1,142 Students - Immaculate Heart - 1.17 Mi. - 718 Students - Nagel Middle School - 0.75 Mi. - 1,150 students - Sherwood Elementary - 2.3 Mi. - 668 students) STRONG LEASE FUNDAMENTALS - 5% rent increase every 5 years and during options periods - Absolute NNN providing no Landlord Responsibilities - 15 Year Lease with Three (3) - Five (5) year option periods

FOR SALE DETAILS

PRICE

$3,493,000 USD

PRICE/SF

$896 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Panera

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.94 AC

LAND SF

40,946 SF

ZONING

-

APN/PARCEL ID

500-0040-0279

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
704-697-1900

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David HoppeAtlantic Capital PartnersMore Info
704-697-1900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.