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866 Eastgate North Dr
Cincinnati, OH 45245
CORP. OUTBACK STEAKHOUSE | 15YR NNN GROUND · Retail Property For Sale
Investment Highlights
- 15 Year NNN Ground Lease Features 10% Rental Increases Every 5 Years Throughout the Initial Term and Options.
- The Lease is signed by Outback Steakhouse of Florida, LLC, a subsidiary of Bloomin’ Brands (NASDAQ: BLMN).
- 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.
- Recently opened in May 2024, features State-of-the-Art Designs using the Highest-Grade Materials available. Huge Lot of 1.58 Acres.
- Outback Steakhouse is among the Leading Casual Dining Restaurants with over 1,000 locations in 23 countries.
- This Site benefits from Direct Access onto Interstate-275 (67k+ VPD), a Major Beltway Providing Direct Access into Downtown Cincinnati.
Property Facts
Property Type
Retail
Property Subtype
Building Size
4,936 SF
Year Built
2024
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.58 AC
Zoning
B-1 - Business
Parking
116 Spaces (23.5 Spaces per 1,000 SF Leased)
Frontage
136’ on Eastgate North Drive
Amenities
- Freeway Visibility
- Restaurant
- Signage
Property Taxes
| Parcel Number | 41-31-05C-241 | Improvements Assessment | $386,680 |
| Land Assessment | $166,640 | Total Assessment | $553,320 |
Property Taxes
Parcel Number
41-31-05C-241
Land Assessment
$166,640
Improvements Assessment
$386,680
Total Assessment
$553,320
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