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Restaurant

Taco Bell w/ Dr-Thru | Cincinnati MSA | NNN Ground Lease | Strong Franchisee | Low Price Point

7101 Alexandria Pike, Alexandria (Cincinnati MSA), KY 41001

Listing Price: $880,000

Cap Rate
5.00%
Tenant Name
Taco Bell
Years Remaining On Lease
14.3
Gross SF
2,090
Guarantor
Franchisee Guarantee
Rentable SF
2,090
Price/Gross SF
$421.05
Lease Type
NNN Ground Lease
Rent Per Square Feet
$21.05

Investment Overview

Alexandria is a city located in Campbell County in northern Kentucky with an estimated population of 9,715 residents. Along with Newport, it shares a dual county seat. The city is located just 12 miles from Cincinnati, OH, and 4.5 miles from Northern Kentucky University, which has an enrollment of 15,687 students and is one of the fastest growing universities in Kentucky. Campbell County is a part of the Cincinnati-Middleton MSA, with an estimated population of 93,584 residents. With water on three sides, it is surrounded by the most navigable waterway of any county in Kentucky. The county also offers thousands of miles in dedicated greenspace for those looking to seek adventure by land. Greater Cincinnati, the name given to the Cincinnati- Middleton MSA, is comprised of fifteen counties in three states, including five counties in Ohio, seven counties in Kentucky, and three counties in Indiana. It is the largest metropolitan area in Ohio and the 25th largest in the U.S. Unlike other metropolitan areas nearby, it has recently experienced more people moving into the region from other parts of the United States than moving out. Annual population growth is approximately 0.6 percent and is trending upward.

Investment Highlights

  • 14+ Year NNN Ground Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. Low Rent and Small Price Point. Sales Trending Up. Healthy Rent-to-Sales Ratio.
  • Ampler Restaurant Group is one of the Top 5 Fastest-Growing Franchisee Operators in the Nation. Owns more than 488 Restaurants made up of Burger King, Church's Chicken, Little Caesars, and Taco Bell.
  • Pad to a Burke's Outlet and Walmart Supercenter Anchored Shopping Center which also features Bath & Body Works, Dollar Tree, Dunham's Sports and Tuesday Morning.
  • Positioned Along Area's Major Retail & Traffic Corridor: Hard Corner Location - Features Easy Access & Excellent Visibility with Traffic Counts Exceeding 38k Vehicles.
  • In Close Proximity to Numerous National Retailers including The Home Depot, Kroger, Tractor Supply, Meijer Grocery, Kohl's, Walgreens and many more.
  • The Site is located 12 Miles from Downtown Cincinnati - Outstanding Demographics – more than 36k Residents with an Average Household Income Exceeding $90k within a 3-Mile Radius.
  • Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics - Near Several Large Retail & Housing Developments / Under Construction.
  • Near Campbell County High School, Campbell County Middle School, Bishop Brossart High School, and Northern Kentucky University, providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KY: 242197

    Kentucky

Financing By

Restaurant

Taco Bell w/ Dr-Thru | Cincinnati MSA | NNN Ground Lease | Strong Franchisee | Low Price Point

Listing Price: $880,000

Cap Rate
5.00%
Tenant Name
Taco Bell
Years Remaining On Lease
14.3
Gross SF
2,090
Guarantor
Franchisee Guarantee
Rentable SF
2,090
Price/Gross SF
$421.05
Lease Type
NNN Ground Lease
Rent Per Square Feet
$21.05

Investment Highlights

  • 14+ Year NNN Ground Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. Low Rent and Small Price Point. Sales Trending Up. Healthy Rent-to-Sales Ratio.
  • Ampler Restaurant Group is one of the Top 5 Fastest-Growing Franchisee Operators in the Nation. Owns more than 488 Restaurants made up of Burger King, Church's Chicken, Little Caesars, and Taco Bell.
  • Pad to a Burke's Outlet and Walmart Supercenter Anchored Shopping Center which also features Bath & Body Works, Dollar Tree, Dunham's Sports and Tuesday Morning.
  • Positioned Along Area's Major Retail & Traffic Corridor: Hard Corner Location - Features Easy Access & Excellent Visibility with Traffic Counts Exceeding 38k Vehicles.
  • In Close Proximity to Numerous National Retailers including The Home Depot, Kroger, Tractor Supply, Meijer Grocery, Kohl's, Walgreens and many more.
  • The Site is located 12 Miles from Downtown Cincinnati - Outstanding Demographics – more than 36k Residents with an Average Household Income Exceeding $90k within a 3-Mile Radius.
  • Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics - Near Several Large Retail & Housing Developments / Under Construction.
  • Near Campbell County High School, Campbell County Middle School, Bishop Brossart High School, and Northern Kentucky University, providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.

Investment Overview

Alexandria is a city located in Campbell County in northern Kentucky with an estimated population of 9,715 residents. Along with Newport, it shares a dual county seat. The city is located just 12 miles from Cincinnati, OH, and 4.5 miles from Northern Kentucky University, which has an enrollment of 15,687 students and is one of the fastest growing universities in Kentucky. Campbell County is a part of the Cincinnati-Middleton MSA, with an estimated population of 93,584 residents. With water on three sides, it is surrounded by the most navigable waterway of any county in Kentucky. The county also offers thousands of miles in dedicated greenspace for those looking to seek adventure by land. Greater Cincinnati, the name given to the Cincinnati- Middleton MSA, is comprised of fifteen counties in three states, including five counties in Ohio, seven counties in Kentucky, and three counties in Indiana. It is the largest metropolitan area in Ohio and the 25th largest in the U.S. Unlike other metropolitan areas nearby, it has recently experienced more people moving into the region from other parts of the United States than moving out. Annual population growth is approximately 0.6 percent and is trending upward.

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KY: 242197

    Kentucky

Financing By

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