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    3405 Briarfield Blvd Maumee, OH 43537

    Sponsored
    For Sale
    $4,338,810

    High-yield NNN lease investment. Strong tenant.

    Property size:
    7,083 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 7,083-square-foot Carrabba's Italian Grill in Maumee, Ohio. Located on a 3.22-acre lot at 3405 Briarfield Blvd, this freestanding restaurant benefits from high visibility and excellent access, situated less than 9.5 miles southwest of downtown Toledo. The property features 105 parking spaces and boasts a strong operating history, with sales increasing 37% since 2019. The absolute NNN lease with Bloomin' Brands, Inc. provides a corporate guarantee and offers approximately 7.4 years remaining on the primary term, plus four 5-year renewal options. Annual rent increases are capped at the lesser of 1.75% or 1.7 times the CPI increase. Built in 2002, this single-building property offers a compelling 7.00% cap rate with a Net Operating Income (NOI) of $303,716 and an asking price of $4,338,810 ($612.57/sq ft). The lease commenced on March 14, 2012, and expires on March 31, 2032. This is a rare opportunity to acquire a well-established, high-performing restaurant property with a secure, long-term lease. The property is located in Lucas County, Ohio, zip code 43537.

    Property Features for 3405 Briarfield Blvd

    General Information

    Property type
    Restaurants
    Square Feet
    7,083 SF
    Lot Size
    140,263 SF

    Building Details

    Year Built
    2002
    Buildings
    1

    HighLights

    • Absolute NNN lease with Bloomin' Brands, Inc., offering ~7.4 years remaining, plus four 5‑year options and corporate guarantee.
    • Annual rent increases capped at 1.75% or 1.7x CPI, whichever is less.
    • Strong sales history; 37% increase since 2019.
    • High visibility location near downtown Toledo, with excellent access and high traffic counts.
    Property Profile Location Intelligence

    Current Use by Public Records

    Carrabba's Italian Grill Caterer

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Maumee
    County
    Lucas
    State
    Ohio
    Longitude
    -83.6928897
    Latitude
    41.5796227

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    FAQs

    What type of property is this?
    Restaurant - High-yield NNN lease investment. Strong tenant.
    Where is this restaurant located?
    The property is located at 3405 Briarfield Blvd Maumee, OH.
    What is the asking price?
    The asking price for this property is $4,338,810.
    What are key features of this property?
    This property features: Absolute NNN lease with Bloomin' Brands, Inc., offering ~7.4 years remaining, plus four 5-year options and corporate guarantee.; Annual rent increases capped at 1.75% or 1.7x CPI, whichever is less.; Strong sales history; 37% increase since 2019.
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    3405 Briarfield Blvd Maumee, OH 43537
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    Maumee, OH 43537
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3405 Briarfield Blvd Maumee, OH 43537
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