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34012383
34012377

3792 Waterford Parkway, Amelia, OH 45102

JZ
AZ SA545840000, NE NE 20070698
Commercial Investment Advisors (CIA) Scottsdale
Listed by Commercial Investment Advisors (CIA) Scottsdale
$2,440,000
2 days on market
Updated 0 days ago

FREDDY'S (20 YR. ABSOLUTE NNN) - AMELIA, OH

Details
Property Type Retail
Sub Type Bank, QSR/Fast Food (+1)
Square Footage 3,644
Cap Rate 6.25%
NOI $152,500
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 10/31/2044
Rent Bumps Yes
Lease Options Four 5-year renewal options
Year Built 2015
Acreage 1.000
Zoning C
Investment Type Net Lease
Lease Commencement 10/24/2024
Ground Lease No
Ownership Fee Simple

Retail | 6.25% CAP | 3,644 SqFt

Marketing description

Freddy’s Frozen Custard 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 ±1.0-acre lot with great access/visibility on Ohio Pike (main north/south thoroughfare in Amelia) with traffic counts of 28,616 CPD! It is Retailers within 5 miles include Walmart, Target, Lowe’s, Home Depot, T.J. Maxx, Burlington, Gabe’s, Dick’s Sporting Goods, Sportsman’s Warehouse, Rally House, DSW, Shoe Carnival, Big Lots, HomeGoods, Best Buy, Michaels, Five Below, Popshelf, Staples, Half Price Brooks, Ulta Beauty, Sally Beauty, Ace Hardware, Harbor Freight Tools, PetSmart, Petco, ALDI, Kroger, Grocery Outlet, Family Dollar, Dollar Tree, Walgreens, and CVS. It is 4 miles from University of Cincinnati Clermont - a public university offering various associate degrees and certificates serving 3,091 students (Fall 2024); 13 miles from Northern Kentucky University - a public university offering numerous majors & master’s programs with 14,985 students; 6 miles from Mercy Health - Anderson - a 286-acute care bed, full-service hospital providing inpatient, outpatient & ancillary health care services with 36 emergency department beds, 20 ICU beds, 30 obstetric beds & is classified as a Level 2 NICU; 9 miles from Mercy Health - Clermont - a 177-bed hospital specializing in 24-hour emergency care, cardiology, oncology, pulmonary, & sports medicine services

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 ±1.0-acre lot with great access/visibility on Ohio Pike (main north/south thoroughfare in Amelia) with traffic counts of 28,616 CPD!
  • 2025 VERY AFFLUENT DEMOGRAPHICS: Population: 94,656 & Average Household Income: $112,599

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
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Annual Cash Flow
$152,500.00
$12,708.33/mo

Valuation Metrics

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DSCR
6.25%
Cap Rate
6.25%
ROI

Map

Zoning

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B-1 CommercialGeneral CommercialCommercial
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Last updated Apr 15, 2026 For deeper zoning details, reports are available at Zoneomics

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