Rehold

CORP. OUTBACK STEAKHOUSE | 15YR NNN GROUND

4,936 SF | Retail Building | Cincinnati, OH 45245 | $2,831,858 ($574/SF) | 5.65% Cap Rate

Asking Price $2,831,858

Property Type: Retail, Restaurant
Square Feet: 4,936 SF
Price / Square Foot: $574

Listing Contacts

Alvin Mansour

Alvin Mansour

Verified Profile

Jon Talia

Jon Talia

Verified Profile

Property Info

Property Overview

Prime Commercial Site Located in a Strong Retail Trade Area | Densely Populated and Affluent Area | Strong Daytime Employment Area | Adjacent to State Hwy-32 | Direct Access onto I-275 | Shadow Anchored by Meijer
Ohio Broker of Record: Michael Glass | 500 Neil Ave., Ste. 100 Columbus, OH 43215 | P: (614) 360-9800 | Lic. #BRK.2007005898 | [email protected]

Property Details

Year Built: 2024
Stories: 1
Property Subtype: Freestanding, Storefront
Lot Size (sq. ft): 68,825 SF

Highlights

15 Year NNN Ground Lease Features 10% Rental Increases Every 5 Years Throughout the Initial Term and Options.
Recently opened in May 2024, features State-of-the-Art Designs using the Highest-Grade Materials available. Huge Lot of 1.58 Acres.
The Lease is signed by Outback Steakhouse of Florida, LLC, a subsidiary of Bloomin’ Brands (NASDAQ: BLMN).
Outback Steakhouse is among the Leading Casual Dining Restaurants with over 1,000 locations in 23 countries.
Densely Populated and Affluent Area: Features an Average Household Income of more than $100k and more than 106k People Residing w/in a 5-Mile Radius.
This Site benefits from Direct Access onto Interstate-275 (67k+ VPD), a Major Beltway Providing Direct Access into Downtown Cincinnati.

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