Dark IHOP | Mason, OH
Retail | 7.00% CAP | 5,014 SqFt
Marketing description
The Northmarq National Restaurant Group is pleased to present this single‑tenant IHOP (dark
restaurant) located at 5063 Bowen Dr in Mason, Ohio, within one of the densest and most dominant retail corridors in the Cincinnati metro. The surrounding trade area serves as a primary regional shopping destination, anchored by an extensive lineup of national retailers including Walmart, Costco, Target, Kroger, Whole Foods, Home Depot, Lowe’s, Meijer, and many more, creating sustained daily traffic and long‑term retail relevance.
The tenant operates under an absolute NNN ground lease with approximately 5.5 years remaining,
providing investors with passive cash flow and no landlord responsibilities during the hold period.
Annual guaranteed rent of $143,481 offers income while allowing flexibility for future re-tenanting and redevelopment in a proven retail location supported by exceptional fundamentals.
Investment highlights
LOCATED IN THE DENSEST RETAIL AREA OF CINCINNATI METRO
The surrounding area serves the broader Cincinnati metro as one of the primary retail destinations. National retailers include Walmart, Costco, Target (66th percentile in OH), Whole Foods, Kroger (90th percentile nationally), Meijer, The Home Depot, Lowe's (64th percentile in OH), Menards, Hobby Lobby (75th percentile nationally), Lifetime Fitness (66th percentile nationally), and many more.
DENSE CORPORATE EMPLOYMENT BASE
The property benefits from proximity to one of the strongest office employment clusters in the Cincinnati MSA. Nearby employers include Procter & Gamble (3,100 employees), Cintas (1,500+ employees), and EssilorLuxottica/LensCrafters HQ (1,850 employees), supporting strong weekday traffic and daytime demand.
<2 MILES FROM 5,000+ MULTIFAMILY UNITS
The property is located within 2 miles of more than 5,000 apartment units, providing retail demand and residential synergy for an extremely high number of residents in the immediate area.
HIGH TRAFFIC RETAIL HUB
The property is strategically positioned along Mason Montgomery Rd and is near the I‑71 (80K+ VPD) and Kings Mills interchange. This provides direct connectivity to downtown Cincinnati (25 minutes), I‑275 (142K+ VPD), and the broader tri‑state region.
STELLAR DEMOGRAPHICS
The surrounding population totals more than 72,000 residents within 3 miles and earns AHHI of $232K+ within 1 mile. In addition, the 1-mile population is growing at more than 2% annually.
AMUSEMENT PARKS ADJACENT TO THE PROPERTY
Located less than one mile from Kings Island, one of the top amusement parks in North America with approximately 3.5 million annual visitors. The property is immediately proximate to Great Wolf Lodge & Conference Center, a year‑round indoor waterpark resort employing approximately 430 employees.
INTERNATIONAL SPORTING DEMAND
Mason is home to the Lindner Family Tennis Center, host of The Cinicinnati Open (formerly the Western & Southern Open), which attracts more than 200,000 spectators annually. The two‑week global tennis event drives significant hotel occupancy, dining demand, and regional visitation each August.
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
