Cap Rate
7.83%
Price Per SF
$304
Gross SQFT
69,696
Leasable Area
8,158 SF
Term Remaining
±5 YRS
NOI
$194,287
Property Type
Retail
INVESTMENT HIGHLIGHTS
- Strategically Located – Located near various amenities, such as hospitals, schools, shopping centers, enhancing its desirability. National retailers in the area include Target, Lowes, Sam Club, Office Depot, Raising Canes, Chick-Fil-A, Outback Steakhouse, and Chili’s to name a few
- High Traffic Count – Princeton Pike benefits from over 47,000 vehicles per day
- Long Operating History – Benihana has been successfully operating at this location for over 40 years.
- Artisan Village Development – Tri- County Mall will undergo a $1 billion redevelopment to transform 76 Acres into multifamily units, retail areas, and more
- Dense Population – The restaurant benefits from a population of over 668,000 in a 10 mile radius and over 145,000 in a 5 mile radius
- Favorable Market Fundamentals – Cincinnati has a favorable climate, with a growing population, low unemployment rate, and diverse economy, providing a strong foundation for real estate investments
Broker of Record
- Kyle Matthews
- License No. REC.2022007141 (OH)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 950 Main Ave.,
Suite 510, Cleveland, OH 44113