About This Restaurant
Investment Highlights
Outback Steakhouse | Brand-New Construction with Estimated Q2 2024 Completion | Cincinnati MSA (Population Over 2.23m) Dense & Affluent Demographics Cater Extremely Well to Tenant | Average Household Income In Excess of $206,000 | 56,931 Residents within 3-Miles & 13 10-Year Initial Lease | Significant 12% Rent Bumps Every 5-Years | Hedge Against Inflation Part of Oaks at Wetherington Development & Across from Liberty Center | Class-A Lifestyle Center Developed in 2015 Extremely Meticulous Site Selection | First Outback Location Serving the North-Central Cincinnati MSA True Irreplaceable Real Estate | Directly Sees 32,290 Vehicles Per Day | Off-Highway Location ? I-75 Sees Over 136,575 Vehicles Per Day
Executive Summary
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Restaurant Restaurant General Retail Freestanding Restaurant
- Building Size 5,300
- Building Class B
- Year Built 2024
- Price 3,700,000
- Price Per SF 698
- Cap Rate 5
- NOI 185,000
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.08
- Land Acres 1.46 AC
Nearby Amenities & Transportation
| Retail | Planet Fitness | ||
| Retail | Outback Steakhouse | ||
| Retail | Firebirds Wood Fired Grill | ||
| Retail | MOD Pizza | ||
| Retail | Cheesecake Factory | ||
| Retail | Starbucks | ||
| Retail | Brio Tuscan Grille | ||
| Retail | AKT | ||
| Retail | Kona Grill | ||
| Retail | Cooper's Hawk Winery & Restaurants |
Property Taxes
| Parcel Number | M5620-461-000-033 | Improvements Assessment | $9,310 |
| Land Assessment | $0 | Total Assessment | $9,310 |
| Date Created: | 2024-07-16 04:18:05 | Last Updated: | 2024-07-16 04:18:05 |
| Address: | 7530 Foster Ln , West Chester, Ohio, 45069 | ||