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33284891
33284892

714 Lila Avenue, Milford, OH 45150

JF
CA 02100489
Marcus & Millichap - Los Angeles
TB
CA 02116455
Marcus & Millichap - Los Angeles
RN
01324570
Marcus & Millichap - Los Angeles
MG
OH 2007005898
Marcus & Millichap - Cleveland
Listed by Marcus & Millichap - Los Angeles, Marcus & Millichap - Cleveland
$1,404,540
3 days on market
Updated 3 days ago

By Golly’s Bar & Grill | Long-Term NNN Lease

Details
Property Type Retail
Sub Type Restaurant, Bar (+1)
Square Footage 5,592
Net Rentable (SqFt) 5,592
Cap Rate 8%
NOI $112,363
Occupancy 100%
Tenancy Single
Brand/Tenant IHOP, Applebee's (+8)
Lease Term 10
Lease Expiration 08/14/2034
Remaining Term 8.2
Rent Bumps Yes
Lease Options 2 x 5 Years
Acreage 0.300
Investment Type Net Lease
Lease Commencement 08/15/2024
Ground Lease No

High-Net-Worth Guaranty | Cincinnati MSA

Marketing description

Marcus & Millichap is pleased to present the opportunity to acquire a freestanding By Golly’s Bar & Grill located along Lila Avenue in Milford, Ohio, a well-established eastern suburb within the Cincinnati MSA. This full-service casual dining restaurant operates under a new long-term NNN lease backed by a high-net-worth personal guaranty, offering investors stable, passive income in a dense, high-income trade area.

Strategically positioned along Lila Avenue—a primary commercial corridor with ±11,181 VPD—the property benefits from strong visibility, convenient ingress/egress, and proximity to U.S. Route 50 and I-275, providing seamless connectivity throughout the Cincinnati region. The surrounding trade area features established residential neighborhoods, local businesses, and major retail anchors including Kroger, Walmart, ALDI, Lowe’s, Dutch Bros, Panera, and multiple national QSR and service brands. This mix supports consistent lunch, dinner, bar, and weekend traffic.

By Golly’s is operated by Epic Eeats Restaurant Group, an experienced multi-concept operator with a proven track record across scalable, neighborhood-oriented dining brands. The concept itself has deep regional roots, known for its approachable American bar-and-grill menu, strong community engagement, and loyal customer base. The full-service format—with dine-in, bar, and takeout components—supports durable unit-level performance across economic cycles.

The 10-year NNN lease commenced in August 2024 and includes 2% annual rent increases and two five-year renewal options, providing built-in income growth and long-term occupancy potential. With zero landlord responsibilities and a high-net-worth personal guaranty, the asset offers predictable, low-management cash flow in a stable, infill Cincinnati submarket.

Investment highlights

  • Long-Term NNN Lease With Zero Landlord Responsibilities
  • Freestanding Full-Service Restaurant in a High-Traffic Corridor
  • Prime Cincinnati MSA Infill Location
  • Experienced Multi-Concept Operator
  • Established Regional Casual Dining Brand

Listing Contacts

JF
CA 02100489
Marcus & Millichap - Los Angeles
TB
CA 02116455
Marcus & Millichap - Los Angeles
RN
01324570
Marcus & Millichap - Los Angeles
MG
OH 2007005898
Marcus & Millichap - Cleveland
Listed by Marcus & Millichap - Los Angeles, Marcus & Millichap - Cleveland

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$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$112,363.00
$9,363.58/mo

Valuation Metrics

0
DSCR
8%
Cap Rate
8%
ROI

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Additional Information

Name
Michael Glass
License
BRK.2007005898
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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