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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%.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,083 SF
Building Class
B
Year Built
2002
Price
$4,647,000
Price Per SF
$656.08
Cap Rate
6.65%
NOI
$309,032
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
3.22 AC
Zoning
17-C2 - Commercial
Frontage
156’ on Briarfield Blvd

AMENITIES

  • Pylon Sign

NEARBY MAJOR RETAILERS

Carrabba's Italian Grill
Bob Evans Restaurants
Scramblers
Huntington National Bank
CrossFit
Starbucks
Smokey Bones
Rusty Taco
Cracker Barrel Old Country Store
Outback Steakhouse

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
38-86036
Land Assessment
$143,850
Improvements Assessment
$354,795
Total Assessment
$498,645
  • Listing ID: 28082080

  • Date on Market: 3/28/2023

  • Last Updated:

  • Address: 3405 Briarfield Blvd, Maumee, OH 43537

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