7530 Foster Ln - Restaurant FOR SALE


West Chester, OH 45069
$3,364,000 USD
216-264-2000
7530 Foster Ln, West Chester, OH for Sale
$3,364,000 USD
Restaurant - FOR SALE
1/6
null | 5.5% Cap Rate

7530 Foster Ln
West Chester, OH 45069


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

FOR SALE DETAILS

PRICE

$3,364,000 USD

PRICE/SF

$635 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Outback Steakhouse

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.91 AC

LAND SF

83,283 SF

ZONING

-

APN/PARCEL ID

M5620-461-000-033

ASK ABOUT THIS PROPERTY

Scott WilesMarcus & MillichapMore Info
216-264-2000

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Scott WilesMarcus & MillichapMore Info
216-264-2000

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