11820 Lebanon Rd Cincinnati, OH 45241
Property Lookup
Property profile & analytics
11820 Lebanon Rd Cincinnati, OH 45241
- Drive through restaurants
- 0.66 lot acres
Property ID
US66-0109015
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Popeyes Louisiana Kitchen / Restaurant
Property Details for 11820 Lebanon Rd
- Year built
- 1965
- Lot size
- 0.66 lot acres
- Property type
- Drive through restaurants
- APN
- 608-0028-0138-00
- APU
- 6080028013800
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Cincinnati
- County
- Hamilton
- State
- Ohio
- Longitude
- -84.3955
- Latitude
- 39.2879
- CBSA code
- 17140
- CBSA name
- CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$25,691
$159,019
$228,449
$387,468
-
$454,340
$652,710
$1,107,050
