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Long John Silver’s | Absolute Triple Net (NNN)

$995,000

842 Eastgate South Drive, Cincinnati, OH 45245

Pending
Last Updated: 07/30/2021

5.67

Cap Rate

56,445

NOI

Details:
Cap Rate:    5.67%
NOI:    $56,445
Building Size:    2,484 sqft
Lot Area:    0.96 acres
Lease Type:    Absolute Net
Year Built:    1986
Price Per Sqft:    $400.56
Highlights:
  • Over 14 Years Remaining on an Absolute Triple Net (NNN) Lease
  • Strong Operator That Owns and Operates 25+ Long John Silver’s Throughout the Greater Cincinnati-Dayton, Ohio Market Area
  • Ideally Situated Along a Strong Retail Corridor With Over 55,700 VPD Along James A Rhodes Appalachian Hwy (32)
  • Cincinnati is the Fastest Growing Economic Power in the Midwestern United States Based on Increase of Economic Output and Ohio’s Largest Metropolitan Area
  • Over 103,500 Residents Making an Average Income of $70,452 Within a 5-Mile Radius
  • Situated 25 Minutes From Downtown Cincinnati Which is Undergoing Significant Changes Due to a New Development and Private Investment Including the Banks Project Adding Apartments, Retail, Restaurants and Offices That Stretch From Great American Ball Park to Paul Brown Stadium
  • Property is Conveniently Located in a Dense Residential Area Within Walking Distance of Several Multi-Family Complexes Including Kennedy’s Landing and Echelon Luxury Apartments
  • Nearby Tenants Include: Walmart Supercenter, Sam’s Club, Home Goods, Michaels, Planet Fitness, Burger King, Taco Bell, Chick-fil-A, Panera Bread, LongHorn Steakhouse, Waffle House, Popeyes, Chipotle, Chase Bank, Applebee’s, Pep Boys, Sherwin Williams and More
Description:

Sands Investment Group is Pleased To Exclusively Offer For Sale the 2,484 SF Long John Silver’s Absolute NNN Fast Food Property Located at 842 Eastgate South Drive in Cincinnati, Ohio. With Over 14 Years Remaining on an Absolute Triple Net (NNN) Lease and Attractive Rent Increases Every 5 Years, This Opportunity Provides For a Best-of-Class Investment With Income Growth in the Desirable Ohio Market.

In Cooperation With ParaSell, Inc., A Licensed Ohio Broker
Lic. # REC.2020005946 BoR: Scott Reid – Lic. # BRKP.2020001224

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