Carrabba's Italian Grill: Maumee, OH 3405 Briarfield Blvd

Investment Highlights

Absolute NNN lease with ?7.9 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 ?7.9 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%.

• Sale Type    Investment
• Property Type    Retail
• Property Subtype    Restaurant
• Building Size    7,083
• Building Class    B
• Year Built    2002
• Price    4,338,810
• Price Per SF    613
• Cap Rate    7
• NOI    303,716
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.05
• Land Acres    3.22 AC

• Pylon Sign