Chart House
Retail | 7.00% CAP | 10,513 SqFt | 10+ Year Lease | Trophy Location
Marketing description
Cushman & Wakefield is pleased to present the opportunity to purchase a leased fee interest in a premier waterfront property occupied by Chart House, a Landry’s, Inc. owned, fine-dining restaurant. Located on the banks of the Ohio River in Newport, Kentucky, with sweeping views of downtown Cincinnati, this trophy asset combines exceptional location with long-term stability from a nationally recognized brand. With twenty years of operating history at the location, Chart House recently renewed its lease for an additional ten years, underscoring their commitment to this irreplaceable site. The property offers investors a rare opportunity to acquire a secure income stream at a rent significantly below current market rates in an irreplaceable location.
Investment highlights
ATTRACTIVE LEASE TERMS
Recently renewed through April 2036
Significantly below market rent at just $90,000/year
“Hands-Off” lease with landlord responsibilities limited to structural components of the building
Being on a ground lease allows for increased accelerated depreciation
PREMIER LOCATION
Trophy location along the banks of the Ohio River with stunning views of Downtown Cincinnati, Mt. Adams and other Cincinnati landmarks
Adjacent to Vue 180 Apartments, SouthShore Condominiums and Fairfield Inn hotel providing a built-in customer base
Immediate Access to I-471 (104,074 VPD)
Surrounded by destination attractions
Downtown Cincinnati (23.6 MM Annual Visits)
Newport on the Levee (2.8 MM Annual Visits)
The Party Source (554 k Annual Visits)
hofbräuhaus (243 k Annual Visits)
Megacorp Pavilion (98 k Annual Visits)
STRONG NATIONAL BRAND
22 Chart House locations Nationally
Under the Landry’s, Inc. umbrella of companies, Landry’s owns and operates over 600 restaurants, hotels, casinos and other entertainment destinations globally.
Over 46 years track record of success
OUTSTANDING 3-MILE DEMOGRAPHICS
Population: 151,857
Average HH Income: $98,632
2025-2030 Proj. Population Growth: 5%
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