866 Eastgate North Dr - Restaurant FOR SALE
Cincinnati, OH 45245 |
$2,831,858 USD
858-373-3184
866 Eastgate North Dr
Cincinnati, OH 45245
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.
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 | Michael.Glass@MarcusMillichap.com
FOR SALE DETAILS
PRICE
$2,831,858 USD
PRICE/SF
$574 USD /SF
CAP RATE
5.65%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
CORP. OUTBACK STEAKHOUSE | 15YR NNN GROUND
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Fast Food, Freestanding, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2024
SPRINKLERS
-
PARKING SPACES
116
LAND DETAILS
LAND ACRES
1.58 AC
LAND SF
68,825 SF
ZONING
B-1
APN/PARCEL ID
41-31-05C-241
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
858-373-3184
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
Please correct the highlighted field(s).
858-373-3184
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
