Outback Steakhouse | 7530 Foster Ln
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Outback Steakhouse 7530 Foster Ln
5,300 SF Retail Building West Chester, OH 45069 $3,364,000 ($635/SF) 5.50% Cap Rate
Executive Summary
• Outback Steakhouse | Brand-New Construction with Aug. 2024 Opening | Cincinnati MSA (Population Over 2.23m)
• Dense & Affluent Demographics | $206,000 AHHI | 56,931 Residents within 3-Miles & 138,494 Residents within 5-Miles
• Below Market Rent Relative to Nearby Developments | Long Term Upside & Projected Appreciation
• Part of Major Lifestyle Center | Over 2.0 Million Square Feet of Retail, Apartments, Office, Dining, Entertainment, and Hotel Options | Upcoming Major Expansions
• Corporate Guarantee | 10-Year Initial Lease | Significant 12% Rent Bumps Every 5-Years | Hedge Against Inflation
• True Irreplaceable Real Estate | Directly Sees 32,290 Vehicles Per Day | Off-Highway Location Seeing Over 136,575 Vehicles Per Day
• Extremely Meticulous Site Selection | First Outback Location Serving the North-Central Cincinnati MSA
• Outback | One of the Leading Casual Dining Chains with Over 1,320 Locations | Flagship Brand for Bloomin Brands | Publicly Traded (Ticker Symbol: BLMN) | Annual Revenue Exceeding $4.4b
• Rare Ground Lease Structure | Significant Capital Allocated by Tenant Towards Construction | Zero Landlord Responsibilities
• Other Major Points of Attraction Nearby Include Costco, Target, Upcoming Whole Foods Development, Home Depot, Kroger, Meijer, Lowe’s, Dillard’s, Cabela’s, Planet Fitness, Cincinnati Children’s Hospital, UC Health West Hospital, Christ Medical Hospital, The Learning Experience, and prominent QSR/small shops such as Chick-Fil-A, Shack Shake, Starbucks, Verizon, Raising Cane’s, Freddy’s, and McDonalds
• Part of the Cincinnati MSA | Ranked 30th in United States | Total Population Count of Over 2.32M
• Dense & Affluent Demographics | $206,000 AHHI | 56,931 Residents within 3-Miles & 138,494 Residents within 5-Miles
• Below Market Rent Relative to Nearby Developments | Long Term Upside & Projected Appreciation
• Part of Major Lifestyle Center | Over 2.0 Million Square Feet of Retail, Apartments, Office, Dining, Entertainment, and Hotel Options | Upcoming Major Expansions
• Corporate Guarantee | 10-Year Initial Lease | Significant 12% Rent Bumps Every 5-Years | Hedge Against Inflation
• True Irreplaceable Real Estate | Directly Sees 32,290 Vehicles Per Day | Off-Highway Location Seeing Over 136,575 Vehicles Per Day
• Extremely Meticulous Site Selection | First Outback Location Serving the North-Central Cincinnati MSA
• Outback | One of the Leading Casual Dining Chains with Over 1,320 Locations | Flagship Brand for Bloomin Brands | Publicly Traded (Ticker Symbol: BLMN) | Annual Revenue Exceeding $4.4b
• Rare Ground Lease Structure | Significant Capital Allocated by Tenant Towards Construction | Zero Landlord Responsibilities
• Other Major Points of Attraction Nearby Include Costco, Target, Upcoming Whole Foods Development, Home Depot, Kroger, Meijer, Lowe’s, Dillard’s, Cabela’s, Planet Fitness, Cincinnati Children’s Hospital, UC Health West Hospital, Christ Medical Hospital, The Learning Experience, and prominent QSR/small shops such as Chick-Fil-A, Shack Shake, Starbucks, Verizon, Raising Cane’s, Freddy’s, and McDonalds
• Part of the Cincinnati MSA | Ranked 30th in United States | Total Population Count of Over 2.32M
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,300 SF
Building Class
B
Year Built
2024
Price
$3,364,000
Price Per SF
$635
Cap Rate
5.50%
NOI
$185,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.91 AC
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | M5620-461-000-033 | Improvements Assessment | $0 |
| Land Assessment | $9,310 | Total Assessment | $9,310 |
PROPERTY TAXES
Parcel Number
M5620-461-000-033
Land Assessment
$9,310
Improvements Assessment
$0
Total Assessment
$9,310
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Outback Steakhouse | 7530 Foster Ln
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