615 Ring Rd - Restaurant FOR SALE


Harrison, OH 45030
$4,522,730 USD
404-504-7900
615 Ring Rd, Harrison, OH for Sale
$4,522,730 USD
Restaurant - FOR SALE
1/11
null | 5.75% Cap Rate

615 Ring Rd
Harrison, OH 45030


HIGHLIGHTS

  • Absolute NNN Lease with Annual Rent Increases
  • Strong Performance | Low Rent-To-Sales Ratio
  • Top Visited Location | Top 13% of Cracker Barrel's in the state of Ohio by visits (Placer.ai)
  • Excellent Interstate Access & Visibility | I-74 (44,982 VPD)
  • Outparcel to 166,000 SF New Haven Center | Remke, Family Farm & Home, Anytime Fitness, Dollar Tree
  • Cincinnati, OH-KY-IN MSA (Population: 2.29M+)

OVERVIEW

The CBRE Net Lease Property Group is pleased to offer for sale the 10,027-square-foot Cracker Barrel Old Country Store situated on 2.50 acres in Harrison, Ohio — part of the Cincinnati, OH-KY-IN MSA (MSA Population: 2.29M+). Cracker Barrel's absolute NNN lease features ±14.9 years of primary term remaining with 1% annual rent increases throughout the remainder of the term and in each of the ten, 5-year renewal options (six fixed renewal terms, followed by four FMV renewal terms).

FOR SALE DETAILS

PRICE

$4,522,730 USD

PRICE/SF

$542 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cracker Barrel

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

153

LAND DETAILS

LAND ACRES

2.5 AC

LAND SF

108,900 SF

ZONING

Commercial

APN/PARCEL ID

561-0011-0041

ASK ABOUT THIS PROPERTY

Brian PfohlCBREMore Info
404-504-7900

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Brian PfohlCBREMore Info
404-504-7900

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