Freddy's (Red Bank) Cincinnati, Oh

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, making it the 6th largest Freddy’s franchisee in the U.S., and 39 Schlotzsky’s locations, the largest Schlotzsky’s franchisee in the country (including those currently under construction). **All units back the performance of the lease!**
• • Adjacent to Walmart Supercenter - positioned on a ±0.79-acre lot with great access/visibility on Red Bank Rd (main north/south thoroughfare in Cincinnati) with traffic counts of 48,087 CPD!
• • 2024 VERY AFFLUENT DEMOGRAPHICS: Population (5-mi): 216,886 & Average Household Income (3-mi): $138,056

Description:

Freddy’s has a Brand new 20-year Absolute NNN lease with attractive 7.50% rental escalations every 5 years with four 5-year options to renew. The tenant, Ram-Z Custard, LLC owns & operates 69 locations, which include 34 Freddy’s restaurants, making it the 6th largest Freddy’s franchisee in the U.S., and 39 Schlotzsky’s locations, the largest Schlotzsky’s franchisee in the country (including those currently under construction).
The Asset is Adjacent to Walmart Supercenter - positioned on a ±0.79-acre lot with great access/visibility on Red Bank Rd (main north/south thoroughfare in Cincinnati) with traffic counts of 48,087 CPD! Retailers within 3 miles include Walmart, Target, Kohl’s, Home Depot, Lowe’s, Meijer, At Home, Macy’s, Gap, T.J. Maxx/ HomeGoods, Marshalls, Old Navy, Sierra, Nordstrom Rack, Land’s End, REI, Evereve, DSW, Shoe Carnival, Sur La Table, Joann Fabrics, Staples, Ulta Beauty, American Freight, HomeBuys, Whole Foods Market, Kroger Marketplace, ALDI, Cinemark, LA Fitness, and Planet Fitness. It is 9 miles from University of Cincinnati - a public university offering more than 300 majors & 100 certificate programs with total enrollment of 53,235 (Fall 2024); 4 miles from Xavier University - a private Jesuit university with over 90 undergraduate programs with 5,504 students (Fall 2024); 9 miles from UC Health Drake Center for Post-Acute Care - the region’s premier provider of post-acute & transitional care services; 8 miles from University of Cincinnati Medical Center - the region’s only academic medical center & only verified Level I adult trauma center with 724 licensed beds
Brian Brockman – Broker
License #: BRK.2009000214
Bang Realty, Inc
bor@bangrealty.com
513-898-1551

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