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FREDDY'S - (RED BANK) CINCINNATI, OH 3939 Red Bank Rd

3,607 SF Retail Building Cincinnati, OH 45227 £2,284,886 (£633/SF) 6% Net Initial Yield

Investment 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
  • 6th largest Freddy’s franchisee in the U.S
  • Traffic counts of 48,087 CPD!
  • OPERATOR | TENANT - Ram-Z Custard, LLC owns & operates 69 locations, which include 34 Freddy’s restaurants
  • Adjacent to Walmart Supercenter - positioned on a ±0.79-acre lot with great access/visibility on Red Bank Rd
  • 2024 VERY AFFLUENT DEMOGRAPHICS: Population (5-mi): 216,886 & Average Household Income (3-mi): $138,056

Executive Summary

(Building & Land) Fee Simple

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,607 SF
Building Class
B
Year Built
2016
Price
£2,284,886
Price Per SF
£633
Net Initial Yield
6%
NOI
£137,077
Tenancy
Single
Number of Floors
1
Building FAR
0.10
Lot Size
0.79 AC
Zoning
C
Frontage
50 ft on Red Bank Road

Amenities

  • Restaurant
  • Signage
  • Drive Thru

Links

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Nearby Major Retailers

Bank of America
Freddy's Frozen Custard & Steakburgers
Frisch's Big Boy
Skyline Chili
Fifth Third Bank
Burn Boot Camp
Huntington National Bank
BIGGBY Coffee
Shred415
First Financial Bank

PROPERTY TAXES

Parcel Number 038-0002-0428 Improvements Assessment £184,780
Land Assessment £157,913 Total Assessment £342,694

PROPERTY TAXES

Parcel Number
038-0002-0428
Land Assessment
£157,913
Improvements Assessment
£184,780
Total Assessment
£342,694
(402) 730-6021

Contact

  • Listing ID: 34195803

  • Date on Market: 13/12/2024

  • Last Updated:

  • Address: 3939 Red Bank Rd, Cincinnati, OH 45227

The Retail Property at 3939 Red Bank Rd, Cincinnati, OH 45227 is currently available for sale. Contact Commercial Investment Advisors, INC for more information.

Retail PROPERTIES IN NEARBY NEIGHBOURHOODS

Nearby Listings

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3939 Red Bank Rd, Cincinnati, OH for sale Primary Photo- Image 1 of 9
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3939 Red Bank Rd, Cincinnati, OH for sale Building Photo- Image 2 of 9
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3939 Red Bank Rd, Cincinnati, OH for sale Building Photo- Image 4 of 9
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3939 Red Bank Rd, Cincinnati, OH for sale Building Photo- Image 5 of 9
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3939 Red Bank Rd, Cincinnati, OH for sale Building Photo- Image 6 of 9
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3939 Red Bank Rd, Cincinnati, OH for sale Building Photo- Image 7 of 9
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3939 Red Bank Rd, Cincinnati, OH for sale Building Photo- Image 8 of 9
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© 2024 CoStar Group

FREDDY'S - (RED BANK) CINCINNATI, OH | 3939 Red Bank Rd
(402) 730-6021 x

FREDDY'S - (RED BANK) CINCINNATI, OH | 3939 Red Bank Rd

Kendall Carlsen

(402) 730-6021

(402) 730-6021

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