Freddy’s – (Winton) Cincinnati, OH
Offer Price
$2,346,000
Freddy’s – (Winton) Cincinnati, OH
Freddy’s has 19 Years Remaining on Initial 20-year Absolute NNN lease with attractive 7.50% rental escalations every 5 years with four 5-year options to renew. The Tenant, Ram-Z Custard, LLC is an experienced multi-concept owner/operator with 42 Freddy’s restaurants (including those currently under construction), making it the 6th largest Schlotzsky’s franchisee in the U.S.! The lease is further guaranteed by Ram-Z Restaurant Group that includes 33 Schlotzsky’s locations, making it the largest Schlotzsky’s franchisee in the country and 12 Popeyes locations in Alabama. (86 TOTAL UNIT GUARANTY). **All units back the performance of the lease!**
The Asset is Positioned on a large ±1.071-acre lot with great access/visibility on Winton Rd (main north/south thoroughfare in Cincinnati) with traffic counts of 21,913 CPD! Retailers within 5 miles include Walmart, Target, Home Depot, Kroger, Hibbett Sports, Rainbow Shops, Citi Trends, Roses Discount Store, Sally Beauty, Petco, Ace Hardware, Dollar General, Family Dollar, Advance Auto Parts, AutoZone, CVS, Walgreens, T-Mobile, GameStop, Planet Fitness, and DEFY. It is 8 miles from University of Cincinnati – a public university offering more than 300 majors and 100 certificate programs with total enrollment of 53,235 (Fall 2024); 8 miles from Xavier University – a private Jesuit university with over 90 undergraduate programs with 5,504 students (Fall 2024); 3 miles from UC Health Drake Center for Post-Acute Care – the region’s premier provider of post-acute and transitional care services; 71/2 miles from University of Cincinnati Medical Center – the region’s only academic medical center and only verified Level I adult trauma center with 724 licensed beds.
Property Highlights LONG-TERM LEASE- 19 Years Remaining on Initial 20-year Absolute NNN lease with attractive 7.50% rental escalations every 5 years with four 5-year options to renew
HIGH TRAFFIC COUNTS/VISIBILITY- Positioned on a large ±1.071-acre lot with great access/visibility on Winton Rd (main north/south thoroughfare in Cincinnati) with traffic counts of 21,913 CPD
OPERATOR | TENANT- Ram-Z Custard, LLC is an experienced multi-concept owner/operator with 41 Freddy’s restaurants (including those currently under construction), making it the 6th largest Schlotzsky’s franchisee in the U.S.! The lease is further guaranteed by Ram-Z Restaurant Group that includes 33 Schlotzsky’s locations, making it the largest Schlotzsky’s franchisee in the country and 12 Popeyes locations in Alabama. (86 TOTAL UNIT GUARANTY). **All units back the performance of the lease!**
2025 VERY AFFLUENT DEMOGRAPHICS: Population: 218,792 and Average Household Income (1-MI) $139,217
Year built: 2016
CAP rate: 6.50%
Tenant: Ram-Z Custard, LLC
Lease type: Absolute NNN
Lease expiration: 10/31/2044
Details: (Building & Land) Fee Simple
Building size: 3791 sq ft
This listing is published by an independent lister. Antela does not act as a real estate broker, does not verify ownership, and does not guarantee the accuracy of listing information. Buyers and tenants should conduct their own independent due diligence before entering into any transaction.
This listing is published by an independent lister. Antela does not act as a real estate broker, does not verify ownership, and does not guarantee the accuracy of listing information. Buyers and tenants should conduct their own independent due diligence before entering into any transaction.