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O'Charley's on Crookshank 5075 Crookshank Rd 6,128 sq ft Retail Property Cincinnati, OH 45238 £896,760 (£146.34/sq ft) 8.05% Net Initial Yield

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INVESTMENT HIGHLIGHTS

  • Long term tenant under lease
  • True NNN lease
  • Well established and operating restaurant tenant
  • Ability to change use/tenant in future

EXECUTIVE SUMMARY

Now vacant restaurant building for sale previously occupied by a long-standing and successful O'Charleys tenant. Conveniently located just off the Glenway Ave retail corridor that sees traffic counts of over 22,000 cars daily. Traffic counts at the subject property curb exceed 8,000 cars daily. Nearby business include numerous quick service and dine-in restaurants, large national retailers, car dealerships and both Mercy & Tri-Health complexes. Buy this property for a near turn-key opportunity to operate your own restaurant, lease to another restaurant user or re-develop the building/site for an alternative use! Property includes a 6,128 sqft building with 126 parking spaces on 2.353 acres. Property can be purchased in a package with the flex building next door at 5095 Crookshank Rd. Previous rent collected was $8,052.50 monthly NNN.

PROPERTY FACTS

Sale Type
Investment or Owner Occupier
Property Type
Retail
Property Subtype
Restaurant
Property Size
6,128 sq ft
Costar Property Class
C
Year Built
1996
Price
£896,760
Price per sq ft
£146.34
Yield
8.05%
NOI
£72,212
Tenancy
Single
Number of Floors
1
Plot ratio
0.06
Total Plot Size
2.38 ac
Use Class
CC-A - Auditor Land Use 430 - RESTAURANT, CAFET AND/OR
Parking
126 Spaces (20.56 Spaces per 1,000 sq ft Leased)
Frontage
300 ft on Crookshank Rd

AMENITIES

  • Dedicated Turn Lane
  • Pylon Sign
Walk Score®
Easily Walkable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures how walkable a location is.
Transit Score® measures access to public transport.
Bike Score® measures how accessible a location is by bike
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures how walkable
a location is. Transit Score®
measures access to public transport. Bike Score®
measures how accessible a location is by bike®

NEARBY MAJOR RETAILERS

Roosters
Buffalo Wild Wings
Starbucks
Nathan's Famous-delivery Only
LaRosa's Pizzeria
Waffle House
Rent-A-Center
Kroger
Fifth Third Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
248-0003-0192
Land Assessment
£138,423
Improvements Assessment
£161,135
Total Assessment
£299,558
  • Listing ID: 31742193

  • Date on Market: 08/05/2024

  • Last Updated:

  • Address: 5075 Crookshank Rd, Cincinnati, OH 45238

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