Absolute NNN Restaurant
New
For Sale
$3,321,818
3222 Geier Dr, Cincinnati, OH 45209
A corporately guaranteed lease runs through 2040, with annual escalations and three five-year renewal options.
Property Size4,582 SF
Lot Size1.74 Acres
Price / SF$724.97
Days on Market4
Property Features for 3222 Geier Dr
General Information
Standard status
Active
Size
4,582 SF
Lot size
1.74 Acres
Property subtype
Restaurant
Lease Type
NNN
Additional Details
Traffic Count
124,000 vehicles/day
Amenities
Located in a Dense Retail Corridor 8 Miles North of Downtown Cincinnati
Newly Executed 15-Year Lease Extension with Annual Escalations
Corporate IHOP | Applebee's
Building Details
Building Size
4,582 SF
Listing Agency:
Marcus & Millichap | Columbia
Listed By:
Brian Munn · License #License(s): GA: 263081
(678) 808-2767
Source:
Marcusmillichap
Added: Oct 11
Last Checked: Oct 14 at 7:42PM
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 Marcus & Millichap | Columbia
Investment Insights
Based on property information with market context.
This restaurant property is occupied by an IHOP and Applebee’s dual-brand concept. The fee-simple lease is absolute NNN and guaranteed by Dine Brands Global, Inc. A 15-year extension runs through December 31, 2040, with 1.5% annual increases and three five-year option periods. IHOP has operated at this location since 2004.
The 1.74-acre parcel sits in a retail corridor eight miles north of downtown Cincinnati, as an outparcel to Target and Meijer. The site has direct visibility to Interstate 71, which carries an average daily traffic count of more than 124,000 vehicles. Other retailers named in the corridor include Kroger, Cinemark, PetSmart, Chipotle, Chick-fil-A, Raising Cane’s, Olive Garden, Starbucks, and Sherwin Williams.
The 1.74-acre parcel sits in a retail corridor eight miles north of downtown Cincinnati, as an outparcel to Target and Meijer. The site has direct visibility to Interstate 71, which carries an average daily traffic count of more than 124,000 vehicles. Other retailers named in the corridor include Kroger, Cinemark, PetSmart, Chipotle, Chick-fil-A, Raising Cane’s, Olive Garden, Starbucks, and Sherwin Williams.
Key Highlights
- Fee‑simple absolute NNN lease, corporately guaranteed by Dine Brands Global, Inc.
- 15‑year lease extension through December 31, 2040
- 1.5% annual rent increases and three five‑year option periods
Property Analytics
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Current Use
Lease Details
124,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
964
Businesses Nearby
Explore this area
Business Placement
Demographics for 45209, OH
10,708
Population
6,592
Households
1.6
Avg Household Size
32
Median Age
75%
College-Educated
96%
High-School Grad
2.3 sq mi
ZIP Area
4,656
Density / Sq Mi
$87,841
Median Household Income
$67,356
Median Earnings
$1,291
Median Rent
$386,600
Median Home Value
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Market
Vacancy Rate% for Retail in Cincinnati, OH
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Frequently Asked Questions
What type of property is this?
NNN property - A corporately guaranteed lease runs through 2040, with annual escalations and three five-year renewal options.
Where is this nnn property located?
The property is located at 3222 Geier Dr Cincinnati, OH.
What is the asking price?
The asking price for this property is $3,321,818.
What are key features of this property?
This property features: Fee‑simple absolute NNN lease, corporately guaranteed by Dine Brands Global, Inc.; 15‑year lease extension through December 31, 2040; 1.5% annual rent increases and three five‑year option periods
