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320 Cincinnati Mills Rd
Cincinnati, OH 45240

$4,237,500 USD

Restaurant For Sale  •  7,103 SF

Property Details

  • Property Type Restaurant
  • Total Building Size 7,103 SF
  • Lot Size 1.37 AC
  • Building Class C
  • Year Built 2007
  • Tenancy Single
  • Zoning Commercial
33 Transit Score
43 Walk Score

Highlights

15+ Year Absolute NNN Lease – Stable Cash Flow Asset–Zero Landlord Responsibilities – Four (5-Year) Options To Renew
Corporate Guaranty (Red Lobster Intermediate Holdings LLC - 540+ Units)
2% Annual Rent Increases Starting August 1, 2029 Throughout the Initial Term and Option Periods, Providing a Strong Hedge Against Inflation
High Volume Traffic Location & Visibility From Gilmore Ave With Over 33,266 VPD+
Adjacent to On/Off Ramps to Interstate 275 - Visible to over 120,000 VPD+ | Ideal Visibility and Easy Access from Major Interstate
Red Lobster Is Now Under New Ownership By Fortress Investment Group Which Has Closed Over 150 Poor Performing Locations

Public Transportation

AirportDriveWalkDistance
Cincinnati/Northern Kentucky International 54 min - 34.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 80
Type: Surface
Included in Rent: Yes
Deno Bistolarides 248-702-0288 Encore Real Estate Investment Services
Deno Bistolarides 248-702-0288 Encore Real Estate Investment Services