Overview

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, DJ Steakburgers, LLC is an experienced/seasoned owner/operator of 13 Freddy’s locations (all back the performance of the lease) with 2 more under development. It is Constructed to Freddy’s latest prototype with 12-stack drive-thru - Opened March 2024!

The Asset is Pad site to Meijer Grocery Store, situated on a large ±1.01-acre lot just off a busy intersection of Houston Rd & KY-717 where traffic counts exceed 47,550 CPD! 1/4 mile from I-71/I-75 (traffic counts: 200,966 CPD)! It is Pad site to Meijer Grocery Store, nearby retailers include Walmart, Sam’s Club, Target, Costco, Home Depot, Lowe’s, Menards, Kohl’s, Burlington, At Home, Hobby Lobby, Dick’s Sporting Goods, Gabes, Ollie’s Bargain Outlet, HomeBuys, TJ Maxx, Ross Dress for Less, HomeGoods, Old Navy, Duluth Trading, Michaels, Joann Fabric, Party City, Guitar Center, Best Buy, Dollar Tree, PetSmart, Harbor Freight Tools, Crunch Fitness, and Planet Fitness. 12.5 miles from Northern Kentucky University - a public comprehensive university offering various programs with total enrollment of 15,827; 14.5 miles from University of Cincinnati - a public university offering more than 300 majors & 100 certificate programs with total enrollment of 47,914 (Fall 2022); Less than 1 mile from St. Elizabeth Florence Hospital – a 188- bed, full service hospital featuring 24/7 emergency care, cardiac diagnostic catheterization, Weight Management Center, Spine Center, and Cardiac Prevention & Wellness program.

Highlights

• Brand New 20-Year Absolute NNN Lease with Attractive 7.50% Rental Escalations Every 5 Years!
• DJ Steakburgers, LLC is an experienced/seasoned owner/operator of 13 Freddy’s locations (all back the performance of the lease) with 2 more under development.
• Constructed to Freddy’s latest prototype with 12-stack drive-thru - Opened March 2024!
• Pad site to Meijer Grocery Store, situated on a large ±1.01-acre lot just off a busy intersection of Houston Rd & KY-717 where traffic counts exceed 47,550 CPD! 1/4 mile from I-71/I-75 (traffic counts: 200,966 CPD)!
• 2023 DEMOGRAPHICS: Total Population (5-MI): 149,262 | Average Household Income (1-MI): $113,493

Documents

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