11301 Montgomery Rd - Freestanding FOR SALE


Cincinnati, OH 45249- Montgomery
$4,889,000 USD
480-221-4221
11301 Montgomery Rd, Cincinnati, OH for Sale
$4,889,000 USD
Freestanding - FOR SALE
1/9
null | 6.35% Cap Rate

11301 Montgomery Rd
Cincinnati, OH 45249
Montgomery


HIGHLIGHTS

  • 30+ Year Operating History | Brand New 10 Year Lease | NNN Leases | Recent 5-Year Extension | $2M+ in Tenant Build-Out
  • Adjacent to the Shoppes at Harper’s Point | Dense Retail Corridor | Outparcel to Harper’s Station | Strong National/Credit Tenants
  • NNN Leases | Fee Simple Ownership | Passive Investment
  • Located Along Montgomery Rd | Signalized, Hard Corner Intersection | Close Proximity to Interstate 71 & Interstate 275
  • Strong Demographics in 5-Mile Trade Area | Affluent Incomes

OVERVIEW

`SRS National Net Lease Group, LP is pleased is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, freestanding, two-tenant pad investment property located in Cincinnati, Ohio. Brassica recently signed a brand-new 10-year lease with 2 (5-year) options to extend and plans to invest more than $2,000,000 of its own capital into the build-out of its restaurant, demonstrating their long-term commitment to the site. First Watch has operated at this location for more than 30 years and recently exercised their final 5-year renewal option, highlighting the stability of the center and the intrinsic value of the underlying real estate. All current tenants operate under leases which are NNN in nature, limiting expense leakage. Further, under the terms of the declaration, the owner of the center is responsible for common area maintenance on the pracel and the tenant reimbursements for CAM match the maintenance costs passed through to the owner by the shopping center, thus limiting CAM expense slippage to collections risk. The asset is strategically positioned as an outparcel to a highly trafficked, grocery-anchored Harper’s Station Shopping Center, which draws over 2.7 million visitors per year, per placer.ai. Brassica is owned by Northstar Café, which has built a portfolio of 10 restaurants across Ohio, and in 2024, Chipotle Mexican Grill made a minority investment in Brassica through its $100 million Cultivate Next venture fund.

FOR SALE DETAILS

PRICE

$4,889,000 USD

PRICE/SF

$610 USD /SF

CAP RATE

6.35%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

First Watch & Brassica | NNN Leases

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

39

LAND DETAILS

LAND ACRES

0.98 AC

LAND SF

42,732 SF

ZONING

EE

APN/PARCEL ID

620-0210-0656

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.