Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire Las Piramides, a 3,200-square foot, free-standing Mexican restaurant located in Huber Heights (Dayton), Ohio. Built in 1988, the property sits on .66 acres at the signalized intersection of Chambersburg Road and Brandt Pike which experiences approximately 34,000 vehicles-per-day. Derived from the business owner’s roots in Jalisco, Oaxaca, and Guanajuanto, the menu boasts a plethora of mouthwatering authentic Mexican dishes and over 20 flavors of vibrant margaritas, sure to transport you to paradise. Las Piramides has been operating at this location since 1992. The tenant also operates a total of 6 other locations, under different names, in Cincinnati and are in the midst of opening three additional locations in Lebanon, OH, Columbus, OH, and Florence, KY for a total of 10 operating locations by 2024. The tenant has recently extended their lease to a 7-year term, showing their dedication to their continued operations at this site. The tenant’s new lease term includes annual rent increases and three, five-year options. The tenant is on a net lease and requires little management, minimizing an investor’s exposure to property expenses. The current owner has also garnished the property with several new improvements including, a new flat roof installed in July of 2021 with a transferable warranty, new asphalt and striping of the entire parking lot in 2021, as well as a new HVAC unit in 2022 and there are plans to replace a decorative 10 panel window located in the main dining room to be completed in September 2023. The restaurant is located on an out parcel of The Huber Centre, a +/-120,000- square foot community shopping center with a vast tenant spread including the Huber Heights BMV, Jackson Hewitt Tax Services, Bright Now Dental, City of Huber Heights Division of Water & Wastewater and City of Huber Heights Division of Taxation Las Piramides is located in the middle of Huber Heights, a vibrant, community focused city of approximately 92,000 residents in a 5-mile radius and located just 8 miles from Dayton MSA. Huber Heights is home to numerous, aerospace research and development, human sciences, healthcare, information and technology, and advanced materials and manufacturing businesses. The property is also located in a close proximity to several national retailers and local public services including Dollar Tree, Kroger, ALDI, McDonalds, Taco Bell, Speedway, WellNow Urgent Care, AutoZone, the newly constructed Dayton Metro Library Huber Heights Branch, Miami Valley Health Center, and many more.