For Sale
$500,000

4007 Allston St Cincinnati, OH 45209

Turnkey Restaurant, Prime Location, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional turnkey restaurant opportunity in Cincinnati's desirable Oakley Square is priced at $500,000. The 3,200 square foot space boasts a full-service layout including two separate dining rooms and a full bar. Recently renovated, the property features a brand-new HVAC system, hood, walk-in coolers, reinforced flooring, and a completely updated kitchen – all upgrades paid for by the seller. The existing lease, significantly below market value, is a NNN lease with a 5-year term and three five-year renewal options. The lease includes water, real estate taxes, and building insurance, representing a substantial monthly savings for the tenant. A shared parking lot is available, with additional evening parking leased for a nominal fee. All assets, including the Ohio Liquor Permit, are included in the sale. The lease assignment requires a minimum $1 million net worth and five years of experience in the restaurant industry. A $78,000 Letter of Credit is required to guarantee the lease, but there are no personal guarantees. The sale includes key money and lease assumption. This is a rare opportunity to acquire a fully operational restaurant in a prime location with significant upside potential. The address is 4007 Allston St, Cincinnati, OH 45209.

Highlights

  • Turnkey restaurant opportunity in desirable Oakley Square, Cincinnati.
  • 3,200 SF space with two dining rooms, full bar, and recently renovated kitchen including new HVAC, hood, walk-in coolers, and reinforced flooring.
  • NNN lease with 5-year term and three 5-year options; water, taxes, and insurance included, saving tenant ~$2,000/month.
  • Asking price: $500,000 plus lease assumption; requires $1M net worth, 5 years restaurant experience, and $78,000 Letter of Credit (no personal guarantees).
  • Includes all assets, Ohio Liquor Permit, key money, and shared parking.

Property Details for 4007 Allston St

Property type
Retail properties, Restaurants
Square Feet
3,200 SF

Location Insight

City
Cincinnati
County
Hamilton
State
Ohio
Latitude
39.151835
Longitude
-84.433096

FAQs

What type of property is this?
Retail property - Turnkey Restaurant, Prime Location, High ROI
Where is the retail property located?
The property is located at 4007 Allston St Cincinnati, OH.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Turnkey restaurant opportunity in desirable Oakley Square, Cincinnati.; 3,200 SF space with two dining rooms, full bar, and recently renovated kitchen including new HVAC, hood, walk-in coolers, and reinforced flooring.; NNN lease with 5-year term and three 5-year options; water, taxes, and insurance included, saving tenant ~$2,000/month.
How can I contact the broker?
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4007 Allston St
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