Added: Jul 3, 2025Changed: Aug 10Last Checked: Aug 20 at 9:48AM
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Investment Insights
Based on property information with market context.
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.
Key Highlights
Brand new 20‑year Absolute NNN lease with attractive 7.50% rental escalations every 5 years.
Tenant (Ram‑Z Custard, LLC) is a large and established franchisee, operating 74 locations.
Located on a large ±1.0‑acre lot with excellent access and visibility on Ohio Pike, with high traffic counts (29,573 CPD).
Property Analytics
Property Profile
Current Use
Drive through restaurants
Suggested Use
Top PickReal Estate AgencySpa & Massage CenterHair SalonElectrical ServiceDental OfficeLocksmith
Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.
Drive through restaurant - Restaurant on 1-acre lot with high traffic visibility.
Where is this drive through restaurant located?
The property is located at 3792 Waterford Pkwy Amelia, OH.
What is the asking price?
The asking price for this property is $2,440,000.
What are key features of this property?
This property features: Brand new 20‑year Absolute NNN lease with attractive 7.50% rental escalations every 5 years.; Tenant (Ram‑Z Custard, LLC) is a large and established franchisee, operating 74 locations.; Located on a large ±1.0‑acre lot with excellent access and visibility on Ohio Pike, with high traffic counts (29,573 CPD).