8501 Beechmont Ave Cincinnati, OH 45255-4784

Property Details for 8501 Beechmont Ave

Lot size

0.27 lot acres

Property type

Commercial land

APN

500-0040-0281-00

APU

5000040028100

Description

This exceptional investment opportunity presents a brand-new, 3,900 square foot Panera Bread restaurant located at 8501 Beechmont Ave, Cincinnati, OH 45255. The property boasts a 15-year absolute NNN lease with a prominent national tenant, featuring 5% rent increases every five years, ensuring consistent and growing income. Built in 2023, this is the largest Panera prototype, including a drive-thru, and represents a relocation of a high-performing inline store to this prime location. The lease is guaranteed by CAD Capital, LLC, a highly reputable operator with over 50 locations. This location benefits from exceptional visibility on a major commercial artery with over 28,600 cars per day and convenient access to I-275 (101,200 cars/day). The surrounding area is densely populated, with over 116,000 residents within a short radius, boasting average household incomes exceeding $115,000 within 3 miles and $111,000 within 5 miles. The property enjoys a strong daytime population, exceeding 39,000 employees in the primary trade area, further enhanced by its proximity to Mercy Health – Anderson Hospital (800+ employees) and numerous schools (11,000+ students). The site's strategic location is complemented by its proximity to major retailers including Target, Kroger, Aldi, and more, ensuring high foot traffic and brand recognition. The property offers a 5.50% cap rate and a net operating income (NOI) of $200,850, making it an attractive investment with significant potential for long-term growth. The asking price is $3,652,000, with a price per square foot of $936.41.