Little Caesars Two-Tenant Center

Highlights:

• Assuming a Conservative Master Lease on the Vacant Suite Results in a 11.25% Cap Rate - Market Shows Support at $28 PSF NNN - Little Caesars is at $36 PSF Paying a Premium for the Drive Thru
• Two-Tenant Retail Center with Immediate Upside Through Leasing Remaining Suite
• Little Caesars Has Over 3 Years Remaining in the Term and Two, 5-Year Options Available with Rental Increases in Each Option
• Little Caesars has Over 14 Years at this Location - New Lease Shown
• Positioned Along Hamilton Avenue Which Has Traffic Counts of Over 14,400 Vehicles Per Day
• Excellent Visibility and Easily Accessible with Multiple Points of Access Along Hamilton Avenue
• In Close Proximity to Interstate 275 Which Has Traffic Counts of Over 94,800 Vehicles Per Day

Description:

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Cincinnati is a city in and the county seat of Hamilton County, Ohio. Settled by Europeans in 1788, the city is located on the northern side of the confluence of the Licking and Ohio rivers, the latter of which marks the state line with Kentucky. The population of Cincinnati was 309,317 in 2020, making it the third-most populous city in Ohio after Columbus and Cleveland and 64th in the United States. The city is the economic and cultural hub of the Cincinnati metropolitan area, Ohio's most populous metro area and the nation's 30th-largest with over 2.265 million residents.

Metropolitan Cincinnati has the twenty-eighth largest economy in the United States and the fifth largest in the Midwest, after Chicago, Minneapolis–St. Paul, Detroit, and St. Louis. In 2016, it had the fastest-growing Midwestern economic capital. The gross domestic product for the region was approximately $160 billion in 2023. The median home price is $158,200, and the cost of living in Cincinnati is 8% below the national average. As of September 2022, the unemployment rate is 3.3%, below the national average.

Several Fortune 500 companies are headquartered in Cincinnati, such as Kroger, Procter & Gamble, Western & Southern Financial Group, Fifth Third Bank, American Financial Group, and Cintas. General Electric has headquartered their Global Operations Center in Cincinnati; GE Aerospace is based in Evendale. The Kroger Company employs over 20,000 people locally, making it the largest employer in the city; the other four largest employers are Cincinnati Children's Hospital, TriHealth, the University of Cincinnati, and St. Elizabeth Healthcare. Cincinnati is home to a branch office of the Federal Reserve Bank of Cleveland.