For Sale
$3,652,000

8501 Beechmont AveCincinnati, OH 45255

High-Performing Panera Bread, Cincinnati

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a brand-new, 3,900 square foot Panera Bread restaurant located at 8501 Beechmont Ave, Cincinnati, OH 45255. The property boasts a 15-year absolute NNN lease with a prominent national tenant, featuring 5% rent increases every five years, ensuring consistent and growing income. Built in 2023, this is the largest Panera prototype, including a drive-thru, and represents a relocation of a high-performing inline store to this prime location. The lease is guaranteed by CAD Capital, LLC, a highly reputable operator with over 50 locations. This location benefits from exceptional visibility on a major commercial artery with over 28,600 cars per day and convenient access to I-275 (101,200 cars/day). The surrounding area is densely populated, with over 116,000 residents within a short radius, boasting average household incomes exceeding $115,000 within 3 miles and $111,000 within 5 miles. The property enjoys a strong daytime population, exceeding 39,000 employees in the primary trade area, further enhanced by its proximity to Mercy Health – Anderson Hospital (800+ employees) and numerous schools (11,000+ students). The site's strategic location is complemented by its proximity to major retailers including Target, Kroger, Aldi, and more, ensuring high foot traffic and brand recognition. The property offers a 5.50% cap rate and a net operating income (NOI) of $200,850, making it an attractive investment with significant potential for long-term growth. The asking price is $3,652,000, with a price per square foot of $936.41.

Highlights

  • 15-Year Absolute NNN Lease with 5% rent increases every five years.
  • Relocation of a high-performing inline Panera Bread store to this prime location.
  • Guaranteed by CAD Capital, LLC, a highly reputable operator with 50+ locations.
  • Brand new, 3,900 SF Panera Bread building with drive-thru; largest Panera prototype.
  • Serves a population of over 116,000 residents with average household incomes exceeding $115,000 within 3 miles.
  • High visibility on major commercial artery (28,600+ cars/day) with easy I-275 access (101,200 cars/day).

Property Details for 8501 Beechmont Ave

Property type
Retail properties, Restaurants
Square Feet
3,900 SF
Year Built
2023
Units
1

Location Insight

City
Cincinnati
County
Hamilton
State
Ohio
Latitude
39.0716908
Longitude
-84.3187579
8501 Beechmont Ave, Cincinnati, Ohio

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8501 Beechmont Ave
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