1558 Main St - Retail FOR SALE


Hamilton, OH 45013
$2,542,000 USD
502-442-7074
1558 Main St, Hamilton, OH for Sale
$2,542,000 USD
Retail - FOR SALE
1/7
null | 5.35% Cap Rate

1558 Main St
Hamilton, OH 45013


HIGHLIGHTS

  • Brand New 15-Year Lease | Options To Extend | Scheduled Rental Increases | Corporate Guaranteed Ground Lease
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
  • Out-parceled to Meijer Anchored Center | Retail Corridor Hamilton Meadows Shopping Center | Main Street (21,700 VPD)
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

• Texas Roadhouse, Inc. will sign a new 15-year lease at the close of escrow with 4 (5-year) options to extend, demonstrating their commitment to the site • The lease features 10% rental increases every five years throughout the initial term and option periods, growing NOI and hedging against inflation • The lease is corporately guaranteed (NASDAQ: TXRH)

FOR SALE DETAILS

PRICE

$2,542,000 USD

PRICE/SF

$273 USD /SF

CAP RATE

5.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Texas Roadhouse | New 15yr Corp Abs NNN

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

96

LAND DETAILS

LAND ACRES

1.99 AC

LAND SF

86,684 SF

ZONING

B-2

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Morgan ZantSRS National Net LeaseMore Info
502-442-7074

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

Morgan ZantSRS National Net LeaseMore Info
502-442-7074

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