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5152 Merten Dr
Mason, OH 45040
Carrabba's Italian Grill: Mason, OH · Retail Property For Sale
Investment Highlights
- Absolute NNN lease with ±8.5 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 10%.
- Each year, rent increases by the lesser of (i) 1.75% or (ii) 1.7 times the CPI increase.
- Cincinnati, Ohio MSA (Population: 2.3M)
Property Facts
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,781 SF
Building Class
B
Year Built
2000
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.25 AC
Zoning
GB - General Business
Parking
70 Spaces (11.36 Spaces per 1,000 SF Leased)
Frontage
225’ on Merten Dr
Property Taxes
| Parcel Number | 16-32-435-002 | Improvements Assessment | $864,560 |
| Land Assessment | $315,510 | Total Assessment | $1,180,070 |
Property Taxes
Parcel Number
16-32-435-002
Land Assessment
$315,510
Improvements Assessment
$864,560
Total Assessment
$1,180,070
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