Business for Sale in Cincinnati, OH

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Cincinnati, OH 45205

Description

Marcus & Millichap is pleased to offer for sale the fee simple interest in a 2,491-square-foot pizza restaurant in Cincinnati, OH, in which Domino’s Pizza franchisee MD Pizza LLC has 9 years remaining on its double-net lease. The lease features low rent and three 5-year renewal options with rent increases tied to the Consumer Price Index. Located on 14,800+ VPD Warsaw Avenue, the main corridor through the East and West Price Hill neighborhoods, the property sits along the western side of East Price Hill, a neighborhood that has seen significant recent investment including the $10 million Warsaw Avenue Creative Campus and $10 million ARCO event space. The 15-county, three-state Cincinnati, OH-KY-IN Metro Area has a 30 percent lower cost of living than the U.S. coasts and $187 billion GDP. Cincinnati/Northern Kentucky International Airport (CVG), Amtrak and Class I freight rail, and Interstates 71, 74, 75, 275 and 471 serve the metro area. Major employers include The Kroger Co. and Cincinnati Children’s Hospital Medical Center. Founded in 1960, Domino’s Pizza Inc. is the largest pizza company in the world, selling an average of 4 million pizzas a day. About 96 percent of Domino’s U.S. stores are operated by franchisees like 18-location MD Pizza LLC. This property offers both the limited landlord responsibilities of a double-net lease and a long-term investment on the main corridor in Cincinnati’s revitalizing Price Hill area. Investment Highlights: • Nine Years Remaining Plus Three 5-Year Renewal Options With CPI-Linked Rent Increases • Across From McDonald's and Local Chain Skyline Chili, Home of Cincinnati-Style Chili • Kroger Supermarket Only 0.3 Miles Southeast and Four Schools With Over 1,700 Students Within 0.5 Miles • Within 1.1 Miles of Related Companies' $43 Million Renovation and New $16 Million Community Services Headquarters • Located 3.7 Miles West of Downtown Cincinnati in the 2,302,815-Population Cincinnati, OH-KY-IN MSA • Domino's Pizza Has 22,322 Sto

Market Context

This food service in Cincinnati, OH is listed for sale. It is offered at an approximate 8.0% capitalization rate, a key benchmark for income-producing food service assets. It has been on the market for 46 days. Compare it against other food service listings for sale in Cincinnati, OH — <a href="/search/sale/other/ohio/cincinnati">view the full market</a>.

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