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Logan's Roadhouse 3720 Stone Creek Blvd 6,500 SF Retail Building Cincinnati, OH 45251 $2,253,248 CAD ($346.65 CAD/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- 3 Years Remaining | Scheduled Rental Increases | Growing & Popular Concept | Established Tenant | Below Market Rent
- Stone Creek Towne Center (546,069 SF) | Colerian Towne Center (409,960 SF) | Northgate Mall (1,1019,118 SF)
- Strong Demographics in 5-Mile Trade Area
- Strong National/Credit Tenants | Interstate 275 (69,100 VPD) | US Highway 27 (46,100 VPD) | Frequently Traveled Retail Corridor
- Absolute NNN Lease | Leased Fee Ownership | Zero Landlord Responsibilities
EXECUTIVE SUMMARY
SRS National Net Lease Group, LP is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in a absolute NNN, freestanding, corporate signed Logan’s Roadhouse investment property located in Cincinnati, Ohio. The tenant, Logan’s Roadhouse II, LLC, has 3 years remaining in their initial term with 4 (5-year) options to extend. The lease features a 4.76% increase in September of 2027, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making this an ideal, management-free investment for a passive investor. Founded in 2006, Logan’s Roadhouse currently operates 125 company-operated restaurants across 22 states, through a mix of company-operated and franchised locations. Additionally, the tenant pays far below market rent at just $16.15 PSF, providing a low basis for the investor and upside potential in the future.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
6,500 SF
Building Class
B
Year Built
2008
Price
$2,253,248 CAD
Price Per SF
$346.65 CAD
Cap Rate
6.50%
NOI
$146,496 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.75 AC
Zoning
PD - Planned Development District
Parking
107 Spaces (16.46 Spaces per 1,000 SF Leased)
Frontage
236’ on Stone Creek Blvd
AMENITIES
- Freeway Visibility
- Restaurant
- Signage
NEARBY MAJOR RETAILERS
1 of 10
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Logan's Roadhouse | 3720 Stone Creek Blvd
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