245 W Main St Xenia, OH 45385

Listing Agency Lee & Associates | Cincinnati Show Phone

Listed by Christopher B. Nachtrab Show Phone

Source Moodyscre

Added: Mar 3 Checked: Jul 10 at 1:13 pm

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Investment Insights

Based on property information with market context.

This commercial property, currently leased to Little Caesars, is available for sale. The building was remodeled in 2024 and occupies a corner lot. The annual net rent is $29,760, reflecting a 7% capitalization rate. The current lease extends through April 30, 2029, with a rent increase scheduled for May 1, 2027, to $31,032 per year. The current rent is below market at $9.75 per square foot. According to Placer.ai, this Little Caesars location is ranked #4 out of 154 in Ohio. The property is situated directly across from a $140 million mixed-use redevelopment.

Key Highlights

• Annual Net Operating Income (NOI) of $29,760 with a 7% CAP rate.
• Below market rent of $9.75/SF presents future upside potential.
• Lease in place through April 30, 2029, providing stable income.

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FAQs

What type of property is this?

Conventional restaurant - NNN leased Little Caesars with below market rent.

Where is this conventional restaurant located?

The property is located at 245 W Main St Xenia, OH.

What are key features of this property?

This property features: Annual Net Operating Income (NOI) of $29,760 with a 7% CAP rate.; Below market rent of $9.75/SF presents future upside potential.; Lease in place through April 30, 2029, providing stable income.