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30875650
30875651

627 Buttermilk Pike, Crescent Springs, KY 41017

PD
CT RES.0804114
Stream Capital Partners
CS
CA 01993313
Stream Capital Partners
JS
IL 475152062
Stream Capital Partners
Listed by Stream Capital Partners
$4,900,000
96 days on market
Updated 96 days ago

Bank of America

Details
Property Type Retail
Sub Type Bank
Square Footage 4,300
Cap Rate 5%
NOI $245,000
Occupancy 100%
Tenancy Single
Brand/Tenant Chase Bank, Bank of America (+1)
Lease Type Absolute NNN
Lease Term 15
Rent Bumps Yes
Lease Options Eight (8) 5-Year Options
Price per SqFt $1,140
Year Built 2026
Acreage 1.600
Investment Type Net Lease
Tenant Credit Corporate Guarantee

Retail | 5.00% CAP | 4,300 SqFt

Investment highlights

  • ZERO LANDLORD RESPONSIBILITIES: Long term absolute NNN ground lease allowing for passive ownership.

  • ATTRACTIVE RENT GROWTH: Featuring 10% rental escalations every five (5) years throughout the term and eight (8) tenant extension options, delivering built-in inflation protection and long-term income visibility.

  • CINCINNATI MSA LOCATION: Situated in a dense Cincinnati MSA submarket with limited infill opportunities, supporting long-term tenant demand.

  • STRONG CORPORATE LEASE: Bank of America the second largest bank in the U.S., with total deposits exceeding $1 trillion and approximately 3,600 financial centers.

  • EXCELLENT LOCAL DEMOGRAPHICS: Located in an affluent trade area with average household incomes of approximately $122,600 within a one-mile radius, supporting strong and consistent tenant performance.

  • PRIME LOCATION: Situated along Buttermilk Pike, a major commuter corridor, the property benefits from excellent visibility and traffic counts of approximately 34,000 vehicles per day.

Listing Contacts

PD
CT RES.0804114
Stream Capital Partners
CS
CA 01993313
Stream Capital Partners
JS
IL 475152062
Stream Capital Partners
Listed by Stream Capital Partners

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$245,000.00
$20,416.67/mo

Valuation Metrics

0
DSCR
5%
Cap Rate
5%
ROI

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Additional Information

Name
Brian Brockman
License
KY-204982
Brokerage
Bang Realty
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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