866 Eastgate Dr Cincinnati, OH 45245

This exceptional investment opportunity presents a 4,936 square foot, Class A, Outback Steakhouse restaurant located at 866 Eastgate N Dr, Cincinnati, OH 45245. The property sits on a 1.58-acre lot and boasts a 14.5-year remaining lease term (expiring 05/31/2039) with a corporate guarantee from Bloomin' Brands (NASDAQ: BLMN). The lease is a triple-net (NNN) structure, with a current annual net operating income (NOI) of $160,000, resulting in a compelling 5.65% cap rate. Built in 2024, this state-of-the-art restaurant benefits from 10% rent bumps every five years throughout the initial term and options. The property enjoys exceptional visibility and accessibility, situated along a major retail corridor with daily traffic counts exceeding 55,000 vehicles. Its strategic location provides direct access to Interstate-275 (67,000+ vehicles per day), connecting downtown Cincinnati and surrounding suburbs. The area is densely populated and affluent, with an average household income over $100,000 and more than 106,000 residents within a five-mile radius. The property benefits from strong tenant synergy, being near numerous national retailers including Meijer, Kroger, Walmart, and many others, as well as several large apartment complexes. This prime location offers a strong daytime employment base and convenient access for travelers due to its proximity to a Hampton Inn. The asking price is $2,831,858.