For Sale
$1,788,617

8209 Springboro Pike Miamisburg, OH 45342

Ohio QSR, 20-Year Lease, High Traffic

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional investment opportunity presents a fee-simple interest in a Hardee's restaurant located at 8209 N Springboro Pike, Miamisburg, OH 45342. The property boasts a 20-year absolute triple-net (NNN) lease commencing October 1, 2024, and expiring October 1, 2044, with four to five-year renewal options. The 3,522 square foot building, constructed in 1987 and renovated in 2019, sits on a 1.18-acre lot and includes a drive-thru. The lease includes a 7.5% rent increase every five years, providing inflation protection. The property enjoys a prime location along a high-traffic retail corridor, with over 24,000 vehicles passing daily, serving a densely populated market with over 465,000 residents within a 20-minute radius. The tenant, Midwest First Star Inc., operates 35 Hardee's locations across Ohio, Indiana, and Kentucky, demonstrating a strong commitment to the location and active growth within the CKE system. The property offers a 6.15% cap rate with a net operating income (NOI) of $110,000 and an asking price of $1,788,617 ($507.84 per square foot). This is a truly passive investment opportunity with significant long-term potential. The property is 100% occupied and features a single tenant. The property's APN is K45 25812 0002. This is a fee simple ownership with a sale for leaseback condition.

Highlights

  • Absolute triple-net (NNN) lease; zero landlord responsibilities.
  • New 20-year lease commencing at closing, providing long-term passive income.
  • 20-year lease term with 7.5% rent increases every five years, offering inflation protection.
  • Prime location on high-traffic retail corridor (24,000+ vehicles daily), 15 minutes from Dayton, OH.
  • Large 1.18-acre lot with drive-thru, serving a densely populated market (465,000+ residents within 20 minutes).
  • Strong tenant, Midwest First Star Inc., operating 35 Hardee's locations across OH, IN, and KY; actively growing within the CKE system.

Property Details for 8209 Springboro Pike

Property type
Retail properties
Square Feet
3,522 SF
Year Built/Renovated
1987/2019
Buildings
1
Lot Size (sq. ft)
51,401 SF
Units
1

Location Insight

City
Miamisburg
County
Montgomery
State
Ohio
Latitude
39.6311133
Longitude
-84.2262189

FAQs

What type of property is this?
Retail property - Ohio QSR, 20-Year Lease, High Traffic
Where is the retail property located?
The property is located at 8209 Springboro Pike Miamisburg, OH.
What is the asking price?
The asking price for this property is $1,788,617.
What are key features of this property?
This property features: Absolute triple-net (NNN) lease; zero landlord responsibilities.; New 20-year lease commencing at closing, providing long-term passive income.; 20-year lease term with 7.5% rent increases every five years, offering inflation protection.
How can I contact the broker?
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8209 Springboro Pike
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