3405 Briarfield Blvd - Restaurant FOR SALE


Maumee, OH 43537
$4,338,810 USD
404-923-1486
3405 Briarfield Blvd, Maumee, OH for Sale
$4,338,810 USD
Restaurant - FOR SALE
1/5
null | 7% Cap Rate

3405 Briarfield Blvd
Maumee, OH 43537


HIGHLIGHTS

  • Absolute NNN lease with ±7.6 years of primary term remaining, four 5-year renewal options, and a corporate guaranty from Bloomin’ Brands, Inc.
  • Each year, rent increases by the lesser of (i) 1.75% or (ii) 1.7 times the CPI increase.
  • This location boasts a long operating history with strong store sales. Since 2019, sales have increased 37%.
  • Toledo, OH MSA (Population: 644,217)

OVERVIEW

CBRE is pleased to exclusively offer for sale the 7,083-square-foot freestanding Carrabba’s Italian Grill situated on 3.22 acres in Maumee, OH—a component of the Toledo, OH MSA (Population: 644K). Carrabba’s absolute NNN lease features ±7.6 years of primary term remaining, four 5-year renewal options, and a corporate guaranty from Bloomin’ Brands, Inc. Each year, rent increases by the lesser of (i) 1.75% or (ii) 1.7 times the CPI increase. This location boasts a long operating history with strong store sales. Since 2019, sales have increased 37%.

FOR SALE DETAILS

PRICE

$4,338,810 USD

PRICE/SF

$613 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Carrabba's Italian Grill: Maumee, OH

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.22 AC

LAND SF

140,263 SF

ZONING

17-C2

APN/PARCEL ID

38-86036

ASK ABOUT THIS PROPERTY

Christopher BosworthCBRE, Inc.More Info
404-923-1486

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Christopher BosworthCBRE, Inc.More Info
404-923-1486

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.