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CORP. OUTBACK STEAKHOUSE | 15YR NNN GROUND 866 Eastgate North Dr

4,936 SF Retail Building Cincinnati, OH 45245 $2,831,858 ($574/SF) 5.65% Cap Rate

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Investment Highlights

15 Year NNN Ground Lease Features 10% Rental Increases Every 5 Years Throughout the Initial Term and Options.
The Lease is signed by Outback Steakhouse of Florida, LLC, a subsidiary of Bloomin’ Brands (NASDAQ: BLMN).
Densely Populated and Affluent Area: Features an Average Household Income of more than $100k and more than 106k People Residing w/in a 5-Mile Radius.

Recently opened in May 2024, features State-of-the-Art Designs using the Highest-Grade Materials available. Huge Lot of 1.58 Acres.
Outback Steakhouse is among the Leading Casual Dining Restaurants with over 1,000 locations in 23 countries.
This Site benefits from Direct Access onto Interstate-275 (67k+ VPD), a Major Beltway Providing Direct Access into Downtown Cincinnati.