Former Restaurant NNN
925 E Kemper Rd Cincinnati, OH 45246
For Sale
Contact for pricing
Pending
8,120 SF former Macaroni Grill building on a 1.74-acre site at a signalized intersection.
Property Size8,120 SF
Lot Size1.74 Acres
Days on Market2299
Property Features for 925 E Kemper Rd
General Information
Standard status
Pending
Size
8,120 SF
Lot size
1.74 Acres
Property subtype
RETAIL
Listing Agency:
CBRE | Cincinnati
(513) 369-1603
Listed By:
Chris Hodge · License #SAL.0000376675
Source:
Moodyscre
Added: Apr 13, 2020
Changed: Jul 29
Last Checked: Jul 29 at 11:20AM
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 CBRE | Cincinnati
Investment Insights
Based on property information with market context.
This offering includes a former Macaroni Grill building of 8,120 square feet on a 1.74-acre site. The building was constructed in 1996 and includes most of its furniture, fixtures and equipment, providing a more turnkey starting point for an incoming restaurant or related use.
The property is located at the southwest corner of East Kemper Road and Century Boulevard Road in Springdale, Ohio. It sits at a signalized intersection and is across from Target and Costco. The site is described as having excellent access and visibility within the retail trade area, along with good access to I-275 and I-75.
The lease terms are quoted at $16.00 per square foot on an NNN basis. The sale basis is quoted at $1,990,000.
The property is located at the southwest corner of East Kemper Road and Century Boulevard Road in Springdale, Ohio. It sits at a signalized intersection and is across from Target and Costco. The site is described as having excellent access and visibility within the retail trade area, along with good access to I-275 and I-75.
The lease terms are quoted at $16.00 per square foot on an NNN basis. The sale basis is quoted at $1,990,000.
Key Highlights
- 8,120 SF former Macaroni Grill building on a 1.74‑acre site at the SWC of East Kemper Road and Century Boulevard Road in Springdale, Ohio.
- Located at a signalized intersection across from Target and Costco.
- Building constructed in 1996.
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 | $155.9k | $19.20 |
| − Vacancy | −$10.9k | −$1.34 |
| EGI | $145.0k | $17.86 |
| − OpEx | −$36.2k | −$4.46 |
| NOI | $108.7k | $13.39 |
8,120 SF · lease $19.20/SF/yr · vacancy 7.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.55M
$1.36M – $1.81M
NOI $108,743 @ 7.0% cap · market cap 5.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $112,990 @ 7.0% cap · market cap 5.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Conventional restaurant - 8,120 SF former Macaroni Grill building on a 1.74-acre site at a signalized intersection.
Where is this conventional restaurant located?
The property is located at 925 E Kemper Rd Cincinnati, OH.
What is the asking price?
The asking price for this property is $1,990,000.
What are key features of this property?
This property features: 8,120 SF former Macaroni Grill building on a 1.74‑acre site at the SWC of East Kemper Road and Century Boulevard Road in Springdale, Ohio.; Located at a signalized intersection across from Target and Costco.; Building constructed in 1996.
