320 Cincinnati Mills Rd | Cincinnati, OH 45240
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- LoopNet Team
320 Cincinnati Mills Rd
Cincinnati, OH 45240
Red Lobster · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 15+ Year Absolute NNN Lease – Stable Cash Flow Asset–Zero Landlord Responsibilities – Four (5-Year) Options To Renew
- 2% Annual Rent Increases Starting August 1, 2029 Throughout the Initial Term and Option Periods, Providing a Strong Hedge Against Inflation
- Adjacent to On/Off Ramps to Interstate 275 - Visible to over 120,000 VPD+ | Ideal Visibility and Easy Access from Major Interstate
- Corporate Guaranty (Red Lobster Intermediate Holdings LLC - 540+ Units)
- High Volume Traffic Location & Visibility From Gilmore Ave With Over 33,266 VPD+
- Red Lobster Is Now Under New Ownership By Fortress Investment Group Which Has Closed Over 150 Poor Performing Locations
PROPERTY FACTS
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,103 SF
Building Class
C
Year Built
2007
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.37 AC
Zoning
Commercial
Parking
80 Spaces (9.66 Spaces per 1,000 SF Leased)
Frontage
142’ on Cincinnati Mills Dr
PROPERTY TAXES
| Parcel Number | 591-0028-0287 | Improvements Assessment | $327,306 |
| Land Assessment | $96,159 | Total Assessment | $423,465 |
PROPERTY TAXES
Parcel Number
591-0028-0287
Land Assessment
$96,159
Improvements Assessment
$327,306
Total Assessment
$423,465
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