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Popeyes | New 15yr SLB | Abs NNN | DriveThru 11820 Lebanon Rd

3,300 SF Retail Building Cincinnati, OH 45241 $2,435,000 ($738/SF) 5.75% Cap Rate

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Investment Highlights

New 15 Year Leaseback | Scheduled Rental Increases | Franchisee Guaranteed | Well-Known & Established Brand
Dense Trade Area | Near Sharonville Plaza (168K+ SF) |Strong Rent to Sales | National & Regional Tenant Presence
Direct Residential Consumer Base | Affluent Community

Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Located Along Lebanon Road | Centralized Location | 2022 Construction | Drive-Thru Equipped | Excellent Visibility

Executive Summary

SRS Real Estate Partners in collaboration with Hoty Enterprises, Inc., is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, freestanding, drive-thru equipped Popeyes investment property located in Cincinnati, OH. The tenant will sign a brand new 15-year lease with 5 (5-year) options upon close of escrow, demonstrating their long-term commitment to the site. The lease features 1.50% annual rental increases throughout the initial term and options, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making this an ideal, management-free investment opportunity for a passive investor. The building, which opened in 2022, features a state-of-the-art design using the highest-grade materials available.
MAC LEHRER, CCIM
Agent
Hoty Enterprises, Inc.
mac@hoty.com
D: 419.609.7000 | M: 419.357.4004 5003 Milan Road
Sandusky, OH 44870
OH License No. 000385308

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Freestanding

Building Size

3,300 SF

Year Built

2022

Price

$2,435,000

Price Per SF

$738

Cap Rate

5.75%

NOI

$140,000

Tenancy

Single

Building Height

1 Story

Building FAR

0.09

Land Acres

0.86 AC

Zoning

General Business District

Parking

7.88 Spaces per 1,000 SF Leased

Amenities

Freeway Visibility

Restaurant

Signage

Drive Thru

Popeyes
Accommodation and Food Services
99,999 SF
-
Lorem Ipsum
-

Tenant	Industry	SF OCCUPIED	RENT/SF	Lease Type		Lease End
Popeyes	Accommodation and Food Services	99,999 SF	-	Lorem Ipsum		-

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