Hooters - Dayton, OH
Retail | 7.00% CAP | 4,987 SqFt
Marketing description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple interest in the single-tenant Hooters located at 6851 Miller Lane in Dayton, Ohio (“Property” or “Asset”). Hooters is operating on a corporate absolute NNN lease with ±16.0 years of primary lease term remaining, 5.0% rent escalations every 5 years and four, five-year renewal options. Hooters has operated successfully at this site for over 20 years with a stable 8.71% rent-to-sales ratio.
OH Broker of Record: Jon Vanderplough, License #: SAL.2005015674
Investment highlights
Long-term absolute NNN lease with ±16.0-years of term remaining
Outparcel to highly trafficked Walmart & Sam's Club (4M visits combined)
Healthy location with stable rent-to-sales figure of 8.71%
College town location nearby the University of Dayton with 10,500 students
Along I-75 with direct accessibility to 123,000 VPD
Strong demographics with 18% population growth within a 1-mile radius since 2010
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