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Chick-fil-A Ground Lease 198 E McMillan St 1,200 SF 4-Star Retail Building Cincinnati, OH 45219 $4,150,800 CAD ($3,459.00 CAD/SF) 4% Cap Rate



Investment Highlights
- 15-Yr Credit Tenant Ground Lease
- Zero Landlord Responsibilities
- Adjacent to University of Cincinnati 45,000+ Students
Executive Summary
Rare opportunity to acquire a brand-new Chick-fil-A ground lease in Cincinnati’s premier Uptown submarket, directly adjacent to the University of Cincinnati and one of the region’s most dominant healthcare corridors. The Property benefits from exceptional real estate fundamentals, including a dense, recession-resistant customer base driven by 45,000+ students and a concentration of nationally recognized medical institutions, delivering consistent traffic and long-term performance. Backed by one of the strongest brands in the QSR sector, this asset offers investors a secure, passive income stream in a high-barrier-to-entry urban location just minutes from Downtown Cincinnati.
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leasehold)
Property Type
Retail
Property Subtype
Building Size
1,200 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2026
Construction Status
Under Construction
Price
$4,150,800 CAD
Price Per SF
$3,459.00 CAD
Cap Rate
4%
NOI
$166,032 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
1.47 AC
Very walkable
80/100
Very drivable
80/100
Good public transit
60/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 092-0001-0165 | Improvements Assessment | $58,063 CAD |
| Land Assessment | $970,990 CAD | Total Assessment | $1,029,052 CAD |
Property Taxes
Parcel Number
092-0001-0165
Land Assessment
$970,990 CAD
Improvements Assessment
$58,063 CAD
Total Assessment
$1,029,052 CAD
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Chick-fil-A Ground Lease | 198 E McMillan St
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