Overview
Freestanding Restaurant on Large Lot
This property is a restaurant operating under a brand new 20-year absolute NNN lease, featuring 7.50% rental escalations every 5 years and four 5-year options to renew. The tenant, Ram-Z Custard, LLC, operates 74 locations, including 39 Freddy’s restaurants, making it the 6th largest Freddy’s franchisee in the U.S., and 35 Schlotzsky’s locations, the largest Schlotzsky’s franchisee in the country, including those currently under construction. Positioned on a large approximately 1.0-acre lot, the property benefits from high visibility and access on Ohio Pike, a main north-south thoroughfare in Amelia, with traffic counts of 29,573 cars per day. The property is located near a variety of retailers within 5 miles, including 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 also located 4 miles from the University of Cincinnati Clermont, a public university with 3,091 students, 13 miles from Northern Kentucky University with 14,985 students, 6 miles from Mercy Health – Anderson, a 286-bed full-service hospital, and 9 miles from Mercy Health – Clermont, a 177-bed hospital. The property size is 3,644 square feet.
