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33227638
33227624

9301 Winton Road, Cincinnati, OH 45231

JZ
AZ SA545840000, NE NE 20070698
Commercial Investment Advisors (CIA) Scottsdale
Listed by Commercial Investment Advisors (CIA) Scottsdale
$2,440,000
6 days on market
Updated 6 days ago

FREDDY'S - (WINTON) 74 UNIT OPERATOR - CINCINNATI, OH

Details
Property Type Retail
Sub Type Bank, QSR/Fast Food (+1)
Square Footage 3,791
Net Rentable (SqFt) 3,791
Cap Rate 6.25%
NOI $152,500
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Expiration 10/31/2044
Rent Bumps Yes
Lease Options Four 5-Year Renewal Options
Year Built 2016
Acreage 1.071
Zoning C
Investment Type Net Lease
Lease Commencement 10/24/2024
Ground Lease No
Ownership Fee Simple (Building & Land)

Retail | 6.25% CAP | 3,791 SqFt

Marketing description

Freddy’s has 19 years remaining on Absolute NNN lease with attractive 7.50% rental escalations every 5 years with four 5-year options to renew. The Tenant, Ram-Z Custard, LLC is an experienced multi-concept owner/ operator with 42 Freddy’s restaurants (including those currently under construction) making it the 6th largest Freddy’s franchisee in the U.S., and 34 Schlotzsky’s locations, the largest Schlotzsky’s franchisee in the country and 7 Popeyes locations in Alabama (83 TOTAL UNIT GUARANTY). **All units back the performance of the lease!**

The Asset is Positioned on a large ±1.071-acre lot with great access/visibility on Winton Rd (main north/south thoroughfare in Cincinnati) with traffic counts of 21,913 CPD! Retailers within 5 miles include Walmart, Target, Home Depot, Kroger, Hibbett Sports, Rainbow Shops, Citi Trends, Roses Discount Store, Sally Beauty, Petco, Ace Hardware, Dollar General, Family Dollar, Advance Auto Parts, AutoZone, CVS, Walgreens, T-Mobile, GameStop, Planet Fitness, and DEFY. It is 8 miles from University of Cincinnati - a public university offering more than 300 majors & 100 certificate programs with total enrollment of 53,235 (Fall 2024); 8 miles from Xavier University - a private Jesuit university with over 90 undergraduate programs with 5,504 students (Fall 2024); 3 miles from UC Health Drake Center for Post-Acute Care - the region’s premier provider of post-acute & transitional care services; 7.5 miles from University of Cincinnati Medical Center - the region’s only academic medical center & only verified Level I adult trauma center with 724 licensed beds.

Investment highlights

  • LONG -TERM LEASE - 19 years remaining on Absolute NNN lease with attractive 7.50% rental escalations every 5 years with four 5-year options to renew
  • OPERATOR | TENANT - Ram-Z Custard, LLC is an experienced multi-concept owner/ operator with 42 Freddy’s restaurants (including those currently under construction) making it the 6th largest Freddy’s franchisee in the U.S., and 34 Schlotzsky’s locations, the largest Schlotzsky’s franchisee in the country and 7 Popeyes locations in Alabama (83 TOTAL UNIT GUARANTY). **All units back the performance of the lease!**
  • HIGH TRAFFIC COUNTS/VISIBILITY - Positioned on a large ±1.071-acre lot with great access/visibility on Winton Rd (main north/south thoroughfare in Cincinnati) with traffic counts of 21,913 CPD
  • 2025 VERY AFFLUENT DEMOGRAPHICS: Population: 218,792 & Average Household Income $139,217

Listing Contacts

JZ
AZ SA545840000, NE NE 20070698
Commercial Investment Advisors (CIA) Scottsdale
Listed by Commercial Investment Advisors (CIA) Scottsdale

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$152,500.00
$12,708.33/mo

Valuation Metrics

0
DSCR
6.25%
Cap Rate
6.25%
ROI

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Additional Information

Name
Branen L. Weade
License
BRKP.2010000364
Title
Broker of Record
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