3405 Briarfield BlvdMaumee, OH 43537

Property Details for 3405 Briarfield Blvd

Year built

2002

Lot size

3.22 AC

Property size (Sq ft)

7,136 SF

Zone code

17-C2

Property type

Retail properties

Property subtype

Turn key restaurants

APN

38-86036

APU

3886036

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,795,748

  6.5%

  $1,657,613

  7%

  $1,539,212

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,682,104

  Geo Method

  $1,682,104

• Alternative Use

  Use

  Valuation

  Residential

  $1,398,259

  Hospitality

  $1,280,798

  Educational

  $1,065,609

  Medical

  $1,102,256

  Retail

  $1,657,613

Location Insight

City

Maumee

County

Lucas

State

Ohio

Latitude

41.5796

Longitude

-83.6938

CBSA code

45780

CBSA name

TOLEDO, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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