Restaurant
Chuy's Ground Lease
2717 Fairfield Cmns, Beavercreek, OH 45431
Listing Price: $2,376,000
Investment Overview
Marcus & Millichap is pleased to present for sale Chuy’s Tex-Mex Absolute Triple-Net Ground Lease with 6.25 Years Remaining in Beavercreek, Ohio (Dayton MSA). 2015-Built, Class “A” 6,636 Square Foot Restaurant Building with Outdoor Patio. Outparcel to the Mall at Fairfield Commons – 1.1M SF Super-Regional Mall with Anchors Including Macy’s, JCPenney, Round 1 & Dick’s, First Ohio Dick’s House of Sport Location Coming Soon. Mall at Fairfield Commons Saw 5M Customer Visits in the T12 Month Period and Drives Substantial Cross-Traffic (Source: Placer.ai). Strong Traffic Counts and Excellent Visibility – Located Right at Main Entrance to Mall with Easy Access to Fairfield Road with 29,200 Vehicles per Day. 0.5-Mile from I-675 Exit Ramps with 65,000 Vehicles per Day. Within Primary Retail Trade Area Serving Dayton’s East- Side Suburbs – Immediate Proximity to Target, Hobby Lobby, Aldi, Esporta, PetSmart, Five Below, Barnes & Noble, Gabe’s, Burlington, HomeGoods, DSW, Value City Furniture, and More.
Chuy's Ground Lease
Investment Highlights
- Chuy's Tex-Mex Absolute Triple-Net Ground Lease with 6.25 Years Remaining in Beavercreek, Ohio (Dayton MSA)
- Darden Restaurants Inc. Announced $605 Million All-Cash Acquisition of Chuy's in July 2024, Providing Massive Implied Upgrade to Operator & Credit | Acquisition Expected to Close by Year End | Approve
- Reported Strong Sales of $2.975 Million for 2023 ($448/SF); Low Rent-to-Sales Ratio of 5.0 Percent
- Top 8 Percent Nationally and Number One of Six Chuy's Locations in Ohio Based on Traffic (Source: Placer.ai)
- Outparcel to the Mall at Fairfield Commons – 1.1 Million Square Foot Super-Regional Mall with Anchors Including Macy's, JCPenney, Round 1 and Dick's, First Ohio Dick's House of Sport Location Coming Soon
- Completely Passive Ownership - Absolute Triple-Net Ground Lease with Zero Landlord Responsibilities
- Three Five-Year Options with 10% Rent Increases in Each
- Dense and Affluent Suburban Demographics – $104K One Mile Average Household Income; 50,600 in Three Mile and 121,700 in Five Mile Population Counts
Listing Price: $2,376,000
Investment Highlights
- Chuy's Tex-Mex Absolute Triple-Net Ground Lease with 6.25 Years Remaining in Beavercreek, Ohio (Dayton MSA)
- Darden Restaurants Inc. Announced $605 Million All-Cash Acquisition of Chuy's in July 2024, Providing Massive Implied Upgrade to Operator & Credit | Acquisition Expected to Close by Year End | Approve
- Reported Strong Sales of $2.975 Million for 2023 ($448/SF); Low Rent-to-Sales Ratio of 5.0 Percent
- Top 8 Percent Nationally and Number One of Six Chuy's Locations in Ohio Based on Traffic (Source: Placer.ai)
- Outparcel to the Mall at Fairfield Commons – 1.1 Million Square Foot Super-Regional Mall with Anchors Including Macy's, JCPenney, Round 1 and Dick's, First Ohio Dick's House of Sport Location Coming Soon
- Completely Passive Ownership - Absolute Triple-Net Ground Lease with Zero Landlord Responsibilities
- Three Five-Year Options with 10% Rent Increases in Each
- Dense and Affluent Suburban Demographics – $104K One Mile Average Household Income; 50,600 in Three Mile and 121,700 in Five Mile Population Counts
Investment Overview
Marcus & Millichap is pleased to present for sale Chuy’s Tex-Mex Absolute Triple-Net Ground Lease with 6.25 Years Remaining in Beavercreek, Ohio (Dayton MSA). 2015-Built, Class “A” 6,636 Square Foot Restaurant Building with Outdoor Patio. Outparcel to the Mall at Fairfield Commons – 1.1M SF Super-Regional Mall with Anchors Including Macy’s, JCPenney, Round 1 & Dick’s, First Ohio Dick’s House of Sport Location Coming Soon. Mall at Fairfield Commons Saw 5M Customer Visits in the T12 Month Period and Drives Substantial Cross-Traffic (Source: Placer.ai). Strong Traffic Counts and Excellent Visibility – Located Right at Main Entrance to Mall with Easy Access to Fairfield Road with 29,200 Vehicles per Day. 0.5-Mile from I-675 Exit Ramps with 65,000 Vehicles per Day. Within Primary Retail Trade Area Serving Dayton’s East- Side Suburbs – Immediate Proximity to Target, Hobby Lobby, Aldi, Esporta, PetSmart, Five Below, Barnes & Noble, Gabe’s, Burlington, HomeGoods, DSW, Value City Furniture, and More.
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