Restaurant with Covered
For Sale
Contact for pricing
6765 Dixie Hwy, Fairfield, OH 45014
Existing FF&E, kitchen systems, and a covered patio are included with this restaurant property.
Property Size4,379 SF
Price / SF$222.65
Days on Market55
Property Features for 6765 Dixie Hwy
General Information
Standard status
Active
Size
4,379 SF
Property subtype
RETAIL
Restaurant
Commercial Hood
Yes
Grease Trap
Yes
Patio
Yes
Equipment Included
Yes
Additional Details
Furnished
Yes
Business Included
Yes
Traffic Count
30,000 vehicles/day
Listing Agency:
Cushman & Wakefield | Cincinnati
(513) 421-4884
Listed By:
Rob Murphy
(513) 807-5840
Source:
Moodyscre
Added: Jul 28
Changed: Sep 4
Last Checked: Sep 19 at 1:47PM
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 Cushman & Wakefield | Cincinnati
Investment Insights
Based on property information with market context.
The property includes a 4,379 SF restaurant with 745 SF of covered patio space. The turn-key restaurant includes FF&E such as (2) walk-in coolers/freezers, (2) hood systems, a grease trap, pizza oven, dishwasher, and additional equipment. The pasta station is not included.
Located near the intersection of Dixie Highway and Seward Road, the property benefits from reported traffic of over 30,000 VPD and a daytime population of over 164,000 people within 5 miles. The surrounding businesses include City Barbeque, Starbucks, TownePlace Suites, WoodSpring Suites, and Holiday Inn Express. More than 50 parking spaces are available on site.
Located near the intersection of Dixie Highway and Seward Road, the property benefits from reported traffic of over 30,000 VPD and a daytime population of over 164,000 people within 5 miles. The surrounding businesses include City Barbeque, Starbucks, TownePlace Suites, WoodSpring Suites, and Holiday Inn Express. More than 50 parking spaces are available on site.
Key Highlights
- 4,379 SF restaurant with 745 SF covered patio space
- FF&E includes (2) walk‑in coolers/freezers and (2) hood systems
- Additional equipment includes a grease trap, pizza oven, and dishwasher
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$46,111
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$922,220
$922.2K
Cap Rate 7%
$658,729
$658.7K
Cap Rate 9%
$512,344
$512.3K
Market Conditions
NOI Build-Up for 4,379 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$65.7K $15.00/SF
− Vacancy
−$4.2K −$0.96/SF
EGI
$61.5K $14.04/SF
− OpEx
−$15.4K −$3.51/SF
NOI
$46.1K $10.53/SF
Area
Butler County, OH
Vacancy
6.40%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$922,220
Cap Rate 7%
$658,729
Cap Rate 9%
$512,344
Alternative Uses
Best Use
Specialty Retail
$658.7K
$576.4K – $768.5K
NOI $46,111 @ 7.0% cap · market cap 4.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$865.8K
$757.6K – $1.01M
NOI $60,607 @ 7.0% cap · market cap 6.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
30,000 VPD
Traffic count
Turnkey business
Opportunity
Yes
Commercial hood
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
572
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 45014, OH
46,169
Population
19,926
Households
2.3
Avg Household Size
40
Median Age
31%
College-Educated
91%
High-School Grad
22.6 sq mi
ZIP Area
2,043
Density / Sq Mi
$69,624
Median Household Income
$44,611
Median Earnings
$1,145
Median Rent
$215,700
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 Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Existing FF&E, kitchen systems, and a covered patio are included with this restaurant property.
Where is this conventional restaurant located?
The property is located at 6765 Dixie Hwy Fairfield, OH.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 4,379 SF restaurant with 745 SF covered patio space; FF&E includes (2) walk‑in coolers/freezers and (2) hood systems; Additional equipment includes a grease trap, pizza oven, and dishwasher
