714 Lila Ave - Restaurant FOR SALE


Milford, OH 45150
$1,404,540 USD
408-510-9057
714 Lila Ave, Milford, OH for Sale
$1,404,540 USD
Restaurant - FOR SALE
1/3
null | 8% Cap Rate

714 Lila Ave
Milford, OH 45150


HIGHLIGHTS

  • Long-Term NNN Lease With Zero Landlord Responsibilities
  • Freestanding Full-Service Restaurant in a High-Traffic Corridor
  • Prime Cincinnati MSA Infill Location
  • Experienced Multi-Concept Operator
  • Established Regional Casual Dining Brand

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire a freestanding By Golly’s Bar & Grill located along Lila Avenue in Milford, Ohio, a well-established eastern suburb within the Cincinnati MSA. This full-service casual dining restaurant operates under a new long-term NNN lease backed by a high-net-worth personal guaranty, offering investors stable, passive income in a dense, high-income trade area.Strategically positioned along Lila Avenue—a primary commercial corridor with ±11,181 VPD—the property benefits from strong visibility, convenient ingress/egress, and proximity to U.S. Route 50 and I-275, providing seamless connectivity throughout the Cincinnati region. The surrounding trade area features established residential neighborhoods, local businesses, and major retail anchors including Kroger, Walmart, ALDI, Lowe’s, Dutch Bros, Panera, and multiple national QSR and service brands. This mix supports consistent lunch, dinner, bar, and weekend traffic. By Golly’s is operated by Epic Eeats Restaurant Group, an experienced multi-concept operator with a proven track record across scalable, neighborhood-oriented dining brands. The concept itself has deep regional roots, known for its approachable American bar-and-grill menu, strong community engagement, and loyal customer base. The full-service format—with dine-in, bar, and takeout components—supports durable unit-level performance across economic cycles. The 10-year NNN lease commenced in August 2024 and includes 2% annual rent increases and two five-year renewal options, providing built-in income growth and long-term occupancy potential. With zero landlord responsibilities and a high-net-worth personal guaranty, the asset offers predictable, low-management cash flow in a stable, infill Cincinnati submarket. This By Golly’s represents an attractive opportunity to acquire a proven regional dining brand in a high-demand suburban corridor with strong demographics and long-term economic stability.

FOR SALE DETAILS

PRICE

$1,404,540 USD

PRICE/SF

$251 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

By Golly’s Bar & Grill | Long-Term NNN Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

42

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

B-3

APN/PARCEL ID

21-07-30B-002P,21-07-30B-015P

ASK ABOUT THIS PROPERTY

Tyler BindiMarcus & MillichapMore Info
408-510-9057

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Tyler BindiMarcus & MillichapMore Info
408-510-9057

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