7781 Dudley Dr - Restaurant FOR SALE


West Chester, OH 45069
$2,915,000 USD
513-763-3022
7781 Dudley Dr, West Chester, OH for Sale
$2,915,000 USD
Restaurant - FOR SALE
1/10
null | 6.25% Cap Rate

7781 Dudley Dr
West Chester, OH 45069


HIGHLIGHTS

  • 38+ YEAR OPERATING HISTORY
  • GROWING AFFLUENT POPULATION WITH AVERAGE HOUSEHOLD INCOME OF $135K+
  • BELOW MARKET ABSOLUTE NNN LEASE WITH 2% ANNUAL INCREASES AND 11.5+ YEARS REMAINING

OVERVIEW

Cushman & Wakefield is pleased to present the opportunity to purchase a corporate Bob Evans with an over 38 year operating history in one of Cincinnati’s most affluent areas. Bob Evans pays a below market rent of just $182,251/Year with rare 2% annual increases creating a hedge against inflation. The property sits along the heavily traveled Tylersville Rd (34,122 VPD) with immediate access to I-75 (133,852 VPD). The property is being offered for $2,915,000 which equates to a 6.25% cap rate on Year One rent.

FOR SALE DETAILS

PRICE

$2,915,000 USD

PRICE/SF

$583 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bob Evans

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

75

LAND DETAILS

LAND ACRES

1.17 AC

LAND SF

50,965 SF

ZONING

Commercial

APN/PARCEL ID

M5610-020-000-023

ASK ABOUT THIS PROPERTY

Hank DavisCushman & WakefieldMore Info
513-763-3022

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

Hank DavisCushman & WakefieldMore Info
513-763-3022

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