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Freddy's SteakBurgers | Centerville, OHsale

Freddy's SteakBurgers | Centerville, OH

, Sold.
$2,000,000

Investment Highlights

  • New 20 Year Absolute NNN Lease

  • 8.5% Increases Every 5 Years

  • Less than ±0.5 Miles off of Exit from Highway 675 which has ±61,500+ VPD

  • High Traffic Location on Corner Lot with ±14,000 VPD along E Whipp Rd and ±30,000+ along Wilmington Pike

  • Large Nearby Retailers including Bob Evan's, Costco, Cabelas, The Home Depot, Target, and PetSmart

  • 7 Unit Entity Managed by 79 KFC and Taco Bell in Cincinnati DMA

Investment Summary

CAP Rate: 6.5%
Lessee: PSP Foods, LLC
Building Size: ±3,200 Square Feet
Land Area: ±43,342 Square Feet
Lease Expiration: September 30, 2038
NOI: $130,000
Lease Type: Absolute NNN Lease
Increases: 8.5% Increases Every 5 Years
Guarantee: PSP Foods, LLC

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