Technical
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Property profile

8209 Springboro Pike Miamisburg, OH 45342

OFF-MARKET
Turn key restaurants
Property ID
US66-2087216
3,522 SF 1.18 ac lot Built 1987
Entity Owned 11-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents a fee-simple interest in a Hardee's restaurant located at 8209 N Springboro Pike, Miamisburg, OH 45342. The property boasts a 20-year absolute triple-net (NNN) lease commencing October 1, 2024, and expiring October 1, 2044, with four to five-year renewal options. The 3,522 square foot building, constructed in 1987 and renovated in 2019, sits on a 1.18-acre lot and includes a drive-thru. The lease includes a 7.5% rent increase every five years, providing inflation protection. The property enjoys a prime location along a high-traffic retail corridor, with over 24,000 vehicles passing daily, serving a densely populated market with over 465,000 residents within a 20-minute radius. The tenant, Midwest First Star Inc., operates 35 Hardee's locations across Ohio, Indiana, and Kentucky, demonstrating a strong commitment to the location and active growth within the CKE system. The property offers a 6.15% cap rate with a net operating income (NOI) of $110,000 and an asking price of $1,788,617 ($507.84 per square foot). This is a truly passive investment opportunity with significant long-term potential. The property is 100% occupied and features a single tenant. The property's APN is K45 25812 0002. This is a fee simple ownership with a sale for leaseback condition.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1987
Construction WOOD
Total area 3,522 SF
Lot 1.18 ac (51,314 SF)
APN K45 25812 0002
UPID US66-2087216

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

8209 Springboro Pike Miamisburg, OH 45342-3704
Miamisburg metro Census 50107 DAYTON-KETTERING, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

since 2014
3 recorded transactions
2024
Price N/A
2014
$2.5M
2006
$7.5M

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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