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Restaurant

Corporate City Barbeque (NNN) - Excellent Sales Reported

6549 Miller Ln, Dayton, OH 45414

Listing Price: $4,639,000

Cap Rate
4.50%
Tenant Name
City Barbeque
Years Remaining On Lease
10.9
Gross SF
4,124
Guarantor
Corporate Guarantee
Rentable SF
4,124
Price/Gross SF
$1,124.88
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$50.63

Investment Overview

City Barbeque was founded in 1999 in Kansas with the goal to serve competition quality barbeque with genuine backyard hospitality. Today, the company owns and operates over 42 restaurants in Ohio, Kentucky, Indiana, Illinois, North Carolina, Michigan, and Georgia, with plans to expand into new markets. Dayton is the sixth-largest city in the state of Ohio and the county seat of Montgomery County. It is home to over 137,600 people. The Dayton Metro is home to over 800,000 people with over 329,000 households. Composed of Greene, Montgomery, and Miami Counties, it is the fourth-largest metropolitan area in Ohio. The city has a thriving tourism industry. Tourism in the Dayton region is led by the National Museum of the United States Air Force, which draws over 1.3 million visitors annually. Dayton is also home to several other museums, art galleries, sports venues, and restaurants.

Investment Highlights

  • New Absolute Triple-Net (NNN) Corporate Lease with 11 Years Remaining
  • Two Percent Annual Rental Increases
  • 140,663 Residents Within a Five-Mile Radius - Dense Dayton Infill
  • Surrounded by Major National Restaurants and Retailers - Taco Bell, Olive Garden, IHOP, Chick-fil-A, Office Depot, and More
  • Adjacent to Walmart Supercenter and Sam's Club
  • Easily Accessible Location Immediately Off the I-75 Freeway (Over 116,200 Cars per Day), with Access to Downtown Dayton and Dayton International Airport
  • Less than Two Miles from the I-75 and I-70 Freeway Interchange
  • Strong Daytime Population - 133,863 Employees in Surrounding Area

Exclusively Listed By

Financing By

Restaurant

Corporate City Barbeque (NNN) - Excellent Sales Reported

Listing Price: $4,639,000

Cap Rate
4.50%
Tenant Name
City Barbeque
Years Remaining On Lease
10.9
Gross SF
4,124
Guarantor
Corporate Guarantee
Rentable SF
4,124
Price/Gross SF
$1,124.88
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$50.63

Investment Highlights

  • New Absolute Triple-Net (NNN) Corporate Lease with 11 Years Remaining
  • Two Percent Annual Rental Increases
  • 140,663 Residents Within a Five-Mile Radius - Dense Dayton Infill
  • Surrounded by Major National Restaurants and Retailers - Taco Bell, Olive Garden, IHOP, Chick-fil-A, Office Depot, and More
  • Adjacent to Walmart Supercenter and Sam's Club
  • Easily Accessible Location Immediately Off the I-75 Freeway (Over 116,200 Cars per Day), with Access to Downtown Dayton and Dayton International Airport
  • Less than Two Miles from the I-75 and I-70 Freeway Interchange
  • Strong Daytime Population - 133,863 Employees in Surrounding Area

Investment Overview

City Barbeque was founded in 1999 in Kansas with the goal to serve competition quality barbeque with genuine backyard hospitality. Today, the company owns and operates over 42 restaurants in Ohio, Kentucky, Indiana, Illinois, North Carolina, Michigan, and Georgia, with plans to expand into new markets. Dayton is the sixth-largest city in the state of Ohio and the county seat of Montgomery County. It is home to over 137,600 people. The Dayton Metro is home to over 800,000 people with over 329,000 households. Composed of Greene, Montgomery, and Miami Counties, it is the fourth-largest metropolitan area in Ohio. The city has a thriving tourism industry. Tourism in the Dayton region is led by the National Museum of the United States Air Force, which draws over 1.3 million visitors annually. Dayton is also home to several other museums, art galleries, sports venues, and restaurants.

Exclusively Listed By

Financing By

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