3405 Briarfield Blvd Maumee, OH 43537
- Turn key restaurants
- 7,136 SF
- 3.22 lot acres
Current Use by Public Records
- Carrabba's Italian Grill / Caterer / American Restaurant
Property Details for 3405 Briarfield Blvd
- Year built
- 2002
- Lot size
- 3.22 lot acres
- Property size
- 7,136 SF
- Zone code
- 17-C2
- Property type
- Turn key restaurants
- APN
- 38-86036
- APU
- 3886036
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Maumee
- County
- Lucas
- State
- Ohio
- Longitude
- -83.6938
- Latitude
- 41.5796
- CBSA code
- 45780
- CBSA name
- TOLEDO, OH METROPOLITAN STATISTICAL AREA
