Two-Tenant NNN Restaurant &
913 W Galbraith Rd Cincinnati, OH 45231
For Sale
Contact for pricing
Two leased properties on an NNN basis, including an absolute ground lease Pizza Hut and Auto City 513.
Property Size7,102 SF
Price / SF$151.37
Days on Market414
Property Features for 913 W Galbraith Rd
General Information
- Standard status
- Active
- Size
- 7,102 SF
- Property subtype
- RETAIL
Listing Agency:
3CRE Advisors, LLC - corporate
(513) 383-8413
Listed By:
Michael Costantini · License #SAL.2014001869
(513) 383-8413
Source:
Moodyscre
Added: Jun 9, 2025
Changed: Jul 25
Last Checked: Jul 26 at 2:26PM
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 3CRE Advisors, LLC - corporate
Investment Insights
Based on property information with market context.
This two-tenant NNN investment opportunity features an absolute ground lease with Pizza Hut and an NNN lease with Auto City 513. The leases have approximately 4 years and 11 months remaining for each tenant.
Pizza Hut tenancy has been in place since 1992, and AutoCare use has been ongoing since 1984, supporting long-term historical cash flow. The property is offered for $1,130,000 with annual net operating income (2025) totaling $84,157.60, comprised of $42,684 from Pizza Hut and $41,473.60 from Auto City 513. The in-place cap rate is stated at 7.45%.
The report indicates an in-place annual net operating income and projected cap rates of 8.51% at Year 5 and 9.62% at Year 10.
Pizza Hut tenancy has been in place since 1992, and AutoCare use has been ongoing since 1984, supporting long-term historical cash flow. The property is offered for $1,130,000 with annual net operating income (2025) totaling $84,157.60, comprised of $42,684 from Pizza Hut and $41,473.60 from Auto City 513. The in-place cap rate is stated at 7.45%.
The report indicates an in-place annual net operating income and projected cap rates of 8.51% at Year 5 and 9.62% at Year 10.
Key Highlights
- Two‑tenant NNN investment opportunity with Pizza Hut and Auto City 513
- NOI of $84,157.60 and in‑place cap rate of 7.45%
- Pizza Hut: absolute ground lease with 4 years 11 months remaining; annual net operating income of $42,684
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $110.8k | $15.60 |
| − Vacancy | −$5.5k | −$0.78 |
| EGI | $105.3k | $14.82 |
| − OpEx | −$26.3k | −$3.70 |
| NOI | $78.9k | $11.11 |
7,102 SF · lease $15.60/SF/yr · vacancy 5.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.13M
$986.7K – $1.32M
NOI $78,939 @ 7.0% cap · market cap 7.34%
Second Best
Retail
$1.00M
$876.2K – $1.17M
NOI $70,097 @ 7.0% cap · market cap 6.52%
Theoretical Best
Office A
$1.41M
$1.24M – $1.65M
NOI $98,824 @ 7.0% cap · market cap 9.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Pizza Hut
Take-out & Catering
FAQs
What type of property is this?
NNN property - Two leased properties on an NNN basis, including an absolute ground lease Pizza Hut and Auto City 513.
Where is this nnn property located?
The property is located at 913 W Galbraith Rd Cincinnati, OH.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: Two‑tenant NNN investment opportunity with Pizza Hut and Auto City 513; NOI of $84,157.60 and in‑place cap rate of 7.45%; Pizza Hut: absolute ground lease with 4 years 11 months remaining; annual net operating income of $42,684
