Red Lobster NNN Investment
For Sale
Contact for pricing
Pending
3564 Springdale Rd, Cincinnati, OH 45251
Freestanding restaurant leased under an absolute NNN structure with no landlord responsibilities.
Property SizeContact for details
Days on Market142
Property Features for 3564 Springdale Rd
General Information
Standard status
Pending
Property subtype
Retail
Additional Details
Highway Access
Yes
Building Details
Tenancy
Single
Listing Agency:
SRS Real Estate Partners Newport Beach
(480) 221-4221
Listed By:
Patrick R. Luther, CCIM · License #CA License No. 01912215
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 5:49AM
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 SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
This offering conveys fee simple ownership of the land and building occupied by Red Lobster at 3564 Springdale Rd in Cincinnati, Ohio. The restaurant is subject to an absolute NNN lease with more than 21 years remaining in the initial term, followed by four 5-year extension options. Contractual rent increases are set at 2% annually during both the initial term and option periods, while landlord responsibilities are excluded under the lease structure.
The property sits near the signalized intersection of Springdale Rd and State Hwy 126, with access to Interstate 275. Nearby retail includes Northgate Mall, a 881,000 SF regional mall, along with Walmart Supercenter, Kroger, Lowe’s, Hobby Lobby, Best Buy, and other national retailers. The surrounding 5-mile trade area includes over 156,000 residents and 46,000 employees, with average household income of $90,549.
The property sits near the signalized intersection of Springdale Rd and State Hwy 126, with access to Interstate 275. Nearby retail includes Northgate Mall, a 881,000 SF regional mall, along with Walmart Supercenter, Kroger, Lowe’s, Hobby Lobby, Best Buy, and other national retailers. The surrounding 5-mile trade area includes over 156,000 residents and 46,000 employees, with average household income of $90,549.
Key Highlights
- Absolute NNN lease with zero landlord responsibilities
- More than 21 years remaining in the first lease term
- Four 5‑year extension options
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
702
Businesses Nearby
Explore this area
Business Placement
Demographics for 45251, OH
22,073
Population
8,592
Households
2.6
Avg Household Size
39
Median Age
25%
College-Educated
91%
High-School Grad
11.9 sq mi
ZIP Area
1,855
Density / Sq Mi
$75,620
Median Household Income
$42,179
Median Earnings
$1,193
Median Rent
$175,900
Median Home Value
Market
Vacancy Rate% for Retail in Cincinnati, OH
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Frequently Asked Questions
What type of property is this?
NNN property - Freestanding restaurant leased under an absolute NNN structure with no landlord responsibilities.
Where is this nnn property located?
The property is located at 3564 Springdale Rd Cincinnati, OH.
What are key features of this property?
This property features: Absolute NNN lease with zero landlord responsibilities; More than 21 years remaining in the first lease term; Four 5‑year extension options
