Former Restaurant NNN
For Sale
Contact for pricing
Pending
925 E Kemper Rd, Cincinnati, OH 45246
8,120 SF former Macaroni Grill building on a 1.74-acre site at a signalized intersection.
Property Size8,120 SF
Lot Size1.74 Acres
Days on Market2390
Property Features for 925 E Kemper Rd
General Information
Standard status
Pending
Size
8,120 SF
Lot size
1.74 Acres
Property subtype
RETAIL
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Furnished
Yes
Asking Price
$1,990,000
Equipment Included
Yes
Building Details
Year Built
1996
Buildings
1
Listing Agency:
CBRE | Cincinnati
(513) 369-1311
Listed By:
Chris Hodge · License #SAL.0000376675
(513) 369-1603
Source:
Moodyscre
Added: Apr 13, 2020
Changed: Oct 25
Last Checked: Oct 26 at 7:50PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE | Cincinnati
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This offering includes a former Macaroni Grill building of 8,120 square feet on a 1.74-acre site. The building was constructed in 1996 and includes most of its furniture, fixtures and equipment, providing a more turnkey starting point for an incoming restaurant or related use.
The property is located at the southwest corner of East Kemper Road and Century Boulevard Road in Springdale, Ohio. It sits at a signalized intersection and is across from Target and Costco. The site is described as having excellent access and visibility within the retail trade area, along with good access to I-275 and I-75.
The lease terms are quoted at $16.00 per square foot on an NNN basis. The sale basis is quoted at $1,990,000.
The property is located at the southwest corner of East Kemper Road and Century Boulevard Road in Springdale, Ohio. It sits at a signalized intersection and is across from Target and Costco. The site is described as having excellent access and visibility within the retail trade area, along with good access to I-275 and I-75.
The lease terms are quoted at $16.00 per square foot on an NNN basis. The sale basis is quoted at $1,990,000.
Key Highlights
- 8,120 SF former Macaroni Grill building on a 1.74‑acre site at the SWC of East Kemper Road and Century Boulevard Road in Springdale, Ohio.
- Located at a signalized intersection across from Target and Costco.
- Building constructed in 1996.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,743
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,174,860
$2.2M
Cap Rate 7%
$1,553,471
$1.6M
Cap Rate 9%
$1,208,256
$1.2M
Market Conditions
NOI Build-Up for 8,120 SF
Gross rent
$155.9K $19.20/SF
− Vacancy
−$10.9K −$1.34/SF
EGI
$145.0K $17.86/SF
− OpEx
−$36.2K −$4.46/SF
NOI
$108.7K $13.39/SF
Area
Cincinnati, OH
Vacancy
7.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,174,860
Cap Rate 7%
$1,553,471
Cap Rate 9%
$1,208,256
Alternative Uses
Best Use
Specialty Retail
$1.55M
$1.36M – $1.81M
NOI $108,743 @ 7.0% cap · market cap 5.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $112,990 @ 7.0% cap · market cap 5.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
800
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 45246, OH
15,249
Population
6,289
Households
2.4
Avg Household Size
39
Median Age
32%
College-Educated
87%
High-School Grad
9.4 sq mi
ZIP Area
1,622
Density / Sq Mi
$70,150
Median Household Income
$39,764
Median Earnings
$1,231
Median Rent
$189,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Cincinnati, OH
Frequently Asked Questions
What type of property is this?
Conventional restaurant - 8,120 SF former Macaroni Grill building on a 1.74-acre site at a signalized intersection.
Where is this conventional restaurant located?
The property is located at 925 E Kemper Rd Cincinnati, OH.
What is the asking price?
The asking price for this property is $1,990,000.
What are key features of this property?
This property features: 8,120 SF former Macaroni Grill building on a 1.74‑acre site at the SWC of East Kemper Road and Century Boulevard Road in Springdale, Ohio.; Located at a signalized intersection across from Target and Costco.; Building constructed in 1996.
