Two-Tenant NNN Restaurant &
For Sale
Contact for pricing
913 W Galbraith Rd, Cincinnati, OH 45231
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 Market459
Property Features for 913 W Galbraith Rd
General Information
Standard status
Active
Size
7,102 SF
Property subtype
RETAIL
Additional Details
Cap Rate
7.45%
Building Details
Tenancy
Multi
Listing Agency:
3CRE Advisors, LLC - corporate
(513) 745-9333
Listed By:
Michael Costantini · License ##2018001126
(513) 383-8413
Source:
Moodyscre
Added: Jun 9, 2025
Changed: Sep 7
Last Checked: Sep 9 at 11:06AM
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
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
$78,939
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
7.34%
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%
$1,578,780
$1.6M
Cap Rate 7%
$1,127,700
$1.1M
Cap Rate 9%
$877,100
$877.1K
Market Conditions
NOI Build-Up for 7,102 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
$110.8K $15.60/SF
− Vacancy
−$5.5K −$0.78/SF
EGI
$105.3K $14.82/SF
− OpEx
−$26.3K −$3.70/SF
NOI
$78.9K $11.11/SF
Area
ZIP 45231
Vacancy
5.00%
Lease Rate
$15.60 /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%
$1,578,780
Cap Rate 7%
$1,127,700
Cap Rate 9%
$877,100
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 authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
451
Businesses Nearby
Explore this area
Business Placement
Demographics for 45231, OH
41,934
Population
17,845
Households
2.3
Avg Household Size
40
Median Age
27%
College-Educated
91%
High-School Grad
14.8 sq mi
ZIP Area
2,833
Density / Sq Mi
$69,140
Median Household Income
$43,400
Median Earnings
$1,118
Median Rent
$164,900
Median Home Value
Market
Vacancy Rate% for Retail in Cincinnati, OH
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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
