7530 Foster Ln, West Chester, OH 45069
5,300 SF | Retail Building | West Chester, OH 45069 | $3,525,000 ($665/SF) | 5.25% Cap Rate
For Sale
Active
Asking Price $3,525,000
- Property Type
-
Retail, Restaurant
- Square Feet
- 5,300 SF
- Price / Square Foot
- $665
Listing Contacts
- Property Info
Property Overview
• Outback Steakhouse | Brand-New Construction with Aug. 2024 Opening | Cincinnati MSA (Population Over 2.23m)
• Dense & Affluent Demographics | $206,000 AHHI | 56,931 Residents within 3-Miles & 138,494 Residents within 5-Miles
• Below Market Rent Relative to Nearby Developments | Long Term Upside & Projected Appreciation
• Part of Major Lifestyle Center | Over 2.0 Million Square Feet of Retail, Apartments, Office, Dining, Entertainment, and Hotel Options | Upcoming Major Expansions
• Corporate Guarantee | 10-Year Initial Lease | Significant 12% Rent Bumps Every 5-Years | Hedge Against Inflation
• True Irreplaceable Real Estate | Directly Sees 32,290 Vehicles Per Day | Off-Highway Location Seeing Over 136,575 Vehicles Per Day
• Extremely Meticulous Site Selection | First Outback Location Serving the North-Central Cincinnati MSA
• Outback | One of the Leading Casual Dining Chains with Over 1,320 Locations | Flagship Brand for Bloomin Brands | Publicly Traded (Ticker Symbol: BLMN) | Annual Revenue Exceeding $4.4b
• Rare Ground Lease Structure | Significant Capital Allocated by Tenant Towards Construction | Zero Landlord Responsibilities
• Other Major Points of Attraction Nearby Include Costco, Target, Upcoming Whole Foods Development, Home Depot, Kroger, Meijer, Lowe’s, Dillard’s, Cabela’s, Planet Fitness, Cincinnati Children’s Hospital, UC Health West Hospital, Christ Medical Hospital, The Learning Experience, and prominent QSR/small shops such as Chick-Fil-A, Shack Shake, Starbucks, Verizon, Raising Cane’s, Freddy’s, and McDonalds
• Part of the Cincinnati MSA | Ranked 30th in United States | Total Population Count of Over 2.32M
• Dense & Affluent Demographics | $206,000 AHHI | 56,931 Residents within 3-Miles & 138,494 Residents within 5-Miles
• Below Market Rent Relative to Nearby Developments | Long Term Upside & Projected Appreciation
• Part of Major Lifestyle Center | Over 2.0 Million Square Feet of Retail, Apartments, Office, Dining, Entertainment, and Hotel Options | Upcoming Major Expansions
• Corporate Guarantee | 10-Year Initial Lease | Significant 12% Rent Bumps Every 5-Years | Hedge Against Inflation
• True Irreplaceable Real Estate | Directly Sees 32,290 Vehicles Per Day | Off-Highway Location Seeing Over 136,575 Vehicles Per Day
• Extremely Meticulous Site Selection | First Outback Location Serving the North-Central Cincinnati MSA
• Outback | One of the Leading Casual Dining Chains with Over 1,320 Locations | Flagship Brand for Bloomin Brands | Publicly Traded (Ticker Symbol: BLMN) | Annual Revenue Exceeding $4.4b
• Rare Ground Lease Structure | Significant Capital Allocated by Tenant Towards Construction | Zero Landlord Responsibilities
• Other Major Points of Attraction Nearby Include Costco, Target, Upcoming Whole Foods Development, Home Depot, Kroger, Meijer, Lowe’s, Dillard’s, Cabela’s, Planet Fitness, Cincinnati Children’s Hospital, UC Health West Hospital, Christ Medical Hospital, The Learning Experience, and prominent QSR/small shops such as Chick-Fil-A, Shack Shake, Starbucks, Verizon, Raising Cane’s, Freddy’s, and McDonalds
• Part of the Cincinnati MSA | Ranked 30th in United States | Total Population Count of Over 2.32M
Property Details
- Class
- B
- Year Built
- 2024
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 63,598 SF
Nearby Properties
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