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Views: 144 DOM: 226 Updated: 11.11.24 Posted: 04.03.24 Status: Active

Summary

Price $2,140,000
Built/Renov 2007
Tenant P.F. Chang's (GL)
Cap Rate 5.99%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 6,517
Lease Start 10-01-2007
#Units 300
Price/SF $328.37
Expiration 09-30-2027
Tenant Type Casual Dining
NOI $128,202
R. Term 2.10
Ownership Ground Lease
Rent/SF $19.67
Increases 0.0%/0/yrs
Pop 5Mi 83,456
Lot/AC 0.38
Options 1/5yrs
AHHI 5Mi $115,065

Lease Highlights

  • P.F. Chang's has been operating in this location since 2007
  • The tenant has 2+ years remaining on the current ground lease term with 1 (5-year) option to extend
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

P.F. Chang's is strategically located on State Hwy 23, with access to 47,500 vehicles passing by daily. The property is situated within The Shops at Fallen Timbers, a 1.2 million square foot open-air lifestyle center that attracts over 2.1 million visits per year, as per Placer AI data. Anchored by JC Penney, Dillard’s, Barnes & Noble, Cinemark, Red Robin (ranked #2 store in Ohio by visits),...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: P.F. Chang's
  • Guarantor:Corporate
  • Company:TriArtisan/Paulson & Co.
  • # Units:300
  • Stock:Private

About Tenant

PF Chang’s China Bistro, Inc. (P.F. Chang’s) is an Asian culinary brand, featuring made-from-scratch cuisine stemming from the roots of Japan, Korea, Thailand, and more. The restaurants feature...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 3,199 29,000 86,766
2023 Total Population : 3,150 28,750 86,946
2023 Employed Civilian Pop : 1,077 14,433 44,410
2023 Total Businesses : 59 1,216 3,739
2023 Average Household Income : $ 111,738 $ 148,011 $ 113,169
2023 Total Consumer Spending : $ 144 M $ 1315 M $ 3508 M
2023 Median Age : 51 43 42
2023 Total Households : 1,530 10,551 36,215
2023 Pop Age 25+: Bachelor's Degree : 729 6,614 18,236
2023 Average Home Value : $ 302,061 $ 320,149 $ 261,363
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Russell Rd Main St 2014 2,300 0.28 mi
Russell Road Main St 2021 4,600 0.31 mi
Jerome Road Wabash Cannonball 2021 5,121 0.33 mi
Russell Rd Main St 2017 3,442 0.35 mi
Anthony Wayne Trail Jerome Rd 2021 41,175 0.47 mi
Anthony Wayne Trl Jerome Rd 2003 33,050 0.48 mi
RAMP FROM US24 WB TO FALLEN TIMBERS LANE 2021 3,883 0.53 mi
RAMP FROM US24 WB TO FALLEN TIMBERS LANE Jerome Rd 2020 2,845 0.53 mi
FALLEN TIMBERS LN Russell Rd 2020 5,122 0.56 mi
RAMP FROM FALLEN TIMBERS WB TO US24 EB 2021 589 0.61 mi

Listing Broker

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