Property summary
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 profile
VerifiedCap rate & NOI
Current use
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Take-out & Catering Catering Service
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
17-C2 · Maumee, OHZoning
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