$4,237,500 USD
248-702-0288
320 Cincinnati Mills Rd
Cincinnati, OH 45240
Forest Park
HIGHLIGHTS
- 15+ Year Absolute NNN Lease – Stable Cash Flow Asset–Zero Landlord Responsibilities – Four (5-Year) Options To Renew
- Corporate Guaranty (Red Lobster Intermediate Holdings LLC - 540+ Units)
- 2% Annual Rent Increases Starting August 1, 2029 Throughout the Initial Term and Option Periods, Providing a Strong Hedge Against Inflation
- High Volume Traffic Location & Visibility From Gilmore Ave With Over 33,266 VPD+
- Adjacent to On/Off Ramps to Interstate 275 - Visible to over 120,000 VPD+ | Ideal Visibility and Easy Access from Major Interstate
- Red Lobster Is Now Under New Ownership By Fortress Investment Group Which Has Closed Over 150 Poor Performing Locations
FOR SALE DETAILS
PRICE
$4,237,500 USD
PRICE/SF
$597 USD /SF
CAP RATE
8%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Red Lobster
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2007
SPRINKLERS
-
PARKING SPACES
80
LAND DETAILS
LAND ACRES
1.37 AC
LAND SF
59,677 SF
ZONING
Commercial
APN/PARCEL ID
591-0028-0287
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248-702-0288
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248-702-0288
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