3792 Waterford Pky - Fast Food FOR SALE


Amelia, OH 45102
$2,440,000 USD
480-718-5555
3792 Waterford Pky, Amelia, OH for Sale
$2,440,000 USD
Fast Food - FOR SALE
1/9
null | 6.25% Cap Rate

3792 Waterford Pky
Amelia, OH 45102


HIGHLIGHTS

  • 19 Years Remaining on Initial 20-year Absolute NNN lease with attractive 7.50% rental escalations every 5 years with four 5-year options to renew.
  • Positioned on a large ±1.0-acre lot with great access/visibility on Ohio Pike (main north/south thoroughfare in Amelia)
  • 2024 VERY AFFLUENT DEMOGRAPHICS: Population: 92,790 and Average Household Income: $104,112

OVERVIEW

Freddy’s Frozen Custard has 19 Years Remaining on Initial 20-year Absolute NNN lease with attractive 7.50% rental escalations every 5 years with four 5-year options to renew. The Tenant, Ram-Z Custard, LLC owns and operates 83 locations, which include 42 Freddy’s restaurants, making it the 6th largest Freddy’s franchisee in the U.S., and 34 Schlotzsky’s locations, the largest Schlotzsky’s franchisee in the country (including those currently under construction) and 7 Popeye’s locations. The Asset is Positioned on a large ±1.0-acre lot with great access/visibility on Ohio Pike (main north/south thoroughfare in Amelia) with traffic counts of 29,573 CPD! It is Retailers within 5 miles include Walmart, Target, Lowe’s, Home Depot, T.J. Maxx, Burlington, Gabe’s, Dick’s Sporting Goods, Sportsman’s Warehouse, Rally House, DSW, Shoe Carnival, Big Lots, HomeGoods, Best Buy, Michaels, Five Below, Popshelf, Staples, Half Price Brooks, Ulta Beauty, Sally Beauty, Ace Hardware, Harbor Freight Tools, PetSmart, Petco, ALDI, Kroger, Grocery Outlet, Family Dollar, Dollar Tree, Walgreens, and CVS. It is 4 miles from University of Cincinnati Clermont – a public university offering various associate degrees and certificates serving 3,091 students (Fall 2024); 13 miles from Northern Kentucky University – a public university offering numerous majors and master’s programs with 14,985 students; 6 miles from Mercy Health – Anderson – a 286-acute care bed, full-service hospital providing inpatient, outpatient and ancillary health care services with 36 emergency department beds, 20 ICU beds, 30 obstetric beds and is classified as a Level 2 NICU; 9 miles from Mercy Health – Clermont – a 177-bed hospital specializing in 24-hour emergency care, cardiology, oncology, pulmonary, and sports medicine services.

FOR SALE DETAILS

PRICE

$2,440,000 USD

PRICE/SF

$670 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

FREDDY'S (74 UNIT GUARANTY)- AMELIA, OH

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

56

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

C

APN/PARCEL ID

41-31-12B-287

ASK ABOUT THIS PROPERTY

Kendall CarlsenCommercial Investment Advisors, INCMore Info
480-718-5555

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Kendall CarlsenCommercial Investment Advisors, INCMore Info
480-718-5555

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