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Carrabba's Italian Grill: Maumee, OH 3405 Briarfield Blvd 7,083 SF Retail Building Maumee, OH 43537 $4,647,000 ($656.08/SF) 6.65% Cap Rate

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INVESTMENT HIGHLIGHTS

Absolute NNN lease with ±6.5 years of primary term remaining, four 5-year renewal options, and a corporate guaranty from Bloomin’ Brands, Inc.
This location boasts a long operating history with strong store sales. Since 2019, sales have increased 37%.

Each year, rent increases by the lesser of (i) 1.75% or (ii) 1.7 times the CPI increase.
Toledo, OH MSA (Population: 644,217)

EXECUTIVE SUMMARY

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 ±7.2 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%.