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Restaurant

White Castle

64 W Mitchell Ave, Cincinnati, OH 45217

Listing Price: $900,000

Cap Rate
5.85%
Tenant Name
White Castle
Years Remaining On Lease
4.5
Gross SF
5,549
Guarantor
Corporate Guarantee
Rentable SF
5,549
Price/Gross SF
$162.19
Lease Type
NNN Ground Lease
Rent Per Square Feet
$9.50

Investment Overview

Marcus & Millichap is pleased to bring to market this STNL Ground-Lease White Castle in Cincinnati, Ohio.

Investment Highlights

  • Triple-Net STNL Ground-Lease White Castle | Cincinnati, Ohio
  • No Landlord Responsibility
  • 10 Percent Rent Increases Every Five Years
  • 20 Years of Historical Occupancy | 20 Years of Options Remaining
  • Situated Near I-75, Which Sees Over 135,000 Vehicles per Day and Along Mitchell Avenue, Which Sees Over 31,000 Vehicles per Day
  • Average Household Incomes Exceed $73,000 in Five-Miles
  • Densely Populated with Nearly 320,000 Residents and Nearly 450,000 Employees within Five-Miles
  • Less Than Six Miles from Downtown Cincinnati, Ohio

Exclusively Listed By

  • Joel Dumes

    Senior Managing Director Investments

    (513) 878-7720

    Email Joel

    License(s): OH: SAL.2003013045, KY: 63818

    Cincinnati

Restaurant

White Castle

Listing Price: $900,000

Cap Rate
5.85%
Tenant Name
White Castle
Years Remaining On Lease
4.5
Gross SF
5,549
Guarantor
Corporate Guarantee
Rentable SF
5,549
Price/Gross SF
$162.19
Lease Type
NNN Ground Lease
Rent Per Square Feet
$9.50

Investment Highlights

  • Triple-Net STNL Ground-Lease White Castle | Cincinnati, Ohio
  • No Landlord Responsibility
  • 10 Percent Rent Increases Every Five Years
  • 20 Years of Historical Occupancy | 20 Years of Options Remaining
  • Situated Near I-75, Which Sees Over 135,000 Vehicles per Day and Along Mitchell Avenue, Which Sees Over 31,000 Vehicles per Day
  • Average Household Incomes Exceed $73,000 in Five-Miles
  • Densely Populated with Nearly 320,000 Residents and Nearly 450,000 Employees within Five-Miles
  • Less Than Six Miles from Downtown Cincinnati, Ohio

Investment Overview

Marcus & Millichap is pleased to bring to market this STNL Ground-Lease White Castle in Cincinnati, Ohio.

Exclusively Listed By

  • Joel Dumes

    Senior Managing Director Investments

    (513) 878-7720

    Email Joel

    License(s): OH: SAL.2003013045, KY: 63818

    Cincinnati

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