Cancun Mexican Bar & Grill 401 Riverboat Row Local commercial 774 m² À vendre Newport, KY 41071 1 361 744 € (1 759,42 €/m²) Taux de capitalisation 8,25 %

We are pleased to present the leased fee interest in a premier single-tenant property occupied by Cancun Mexican Bar & Grill, a well-established multi-unit operator with a loyal and growing customer base. Strategically positioned on the banks of the Ohio River in vibrant Newport, KY, this location offers stunning views of downtown Cincinnati and benefits from strong regional traffic and tourism. The tenant is currently paying below-market rent, creating immediate upside potential for investors while enjoying the stability of a proven operator with a track record of success. This offering represents a rare chance to acquire a high-performing asset in a dynamic waterfront setting with long-term value appreciation.
ATTRACTIVE LEASE TERMS
Below market rent at just $132,000/year
“Hands-Off” lease with landlord responsibilities limited to Roof & Structure
Being on a ground lease allows for increased accelerated depreciation
PREMIER LOCATION
Trophy location along the banks of the Ohio River with stunning views of Downtown Cincinnati, Mt. Adams and other Cincinnati landmarks
Adjacent to Vue 180 Apartments, SouthShore Condominiums and Fairfield Inn hotel providing a built-in customer base
Immediate Access to I-471 (104,074 VPD)
Surrounded by destination attractions
- Downtown Cincinnati (23.6 MM Annual Visits)
- Newport on the Levee (2.8 MM Annual Visits)
- The Party Source (554 k Annual Visits)
- Hofbräuhaus (243 k Annual Visits)
- Megacorp Pavilion (98 k Annual Visits)
Ample Parking available along Riverboat Row
STRONG OPERATOR
Established operator with 8 locations under the Cancun flag with a track record of success
Exercised first renewal option in 2025
OUTSTANDING 3-MILE DEMOGRAPHICS
Population: 151,857
Average HH Income: $98,632
2025-2030 Proj. Population Growth: 5%