11820 Lebanon Rd Cincinnati, OH 45241-1722

This exceptional investment opportunity presents a fee-simple interest in a brand-new, 3,300 square foot Popeyes restaurant in Cincinnati, OH. Built in 2022, this drive-thru equipped location boasts a 15-year absolute NNN lease with five 5-year options, featuring 1.5% annual rent bumps. The property sits on a 0.86-acre lot with 26 parking spaces and enjoys a prime location on Lebanon Road, benefiting from high daily traffic counts (24,100 vehicles) and proximity to major interstates (I-275, I-75, I-71). The strong tenant, a franchisee, ensures a stable income stream, with a current NOI of $140,000 and a 5.75% cap rate. The property is zoned for general business and is surrounded by numerous national and regional tenants, including Kroger, Walgreens, and McDonald's, creating a robust trade area supported by a large, affluent population (over 141,300 residents within a 5-mile radius, with average household incomes exceeding $109,355). The asking price is $2,435,000, representing a price per square foot of $737.88. This is a management-free investment with significant upside potential due to the lease terms and strong location. The property's APN is 608-0028-0138-00 & 608-0028-0160-00. 100% occupancy ensures immediate cash flow.