- For Sale $4,237,500
- Property Type Retail - Freestanding
- Property Size 7,103 SF
- Lot Size 1.37 Acre
- Additional Rent Contact for pricing
- Property Tenancy Single Tenant
- Date Updated Nov 12, 2024
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Reach out to the broker for more info on lease terms and amenities
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 - 640+ 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
- Densely Populated, Infill Location with Excellent Demographics– Over 155,000 People in a 5-Mile Radius
- Average Household Income In 5 Miles Exceeds $81,000
- Food & Alcohol Spending Exceeded $487,696,208 In 2023 Within a 5-Mile Radius
- 1.3 Miles To Mercy Health Fairfield Hospital I 211 Bed Facility
- Located at The Entrance To The Former Cincinnati Mall, Which Has Plans For a $150MM Mixed-Use Redevelopment
- Dense Retail Corridor With Major National Brands: Meijer, Chick-Fil-A, Bob Evans, Dunkin', Chipotle Mexican Grill, McDonald's, Tire Discounters, The Home Depot, Kroger, Carmax, and Many More
False
Contacts
Location
Getting Around
-
Walk Score ®
44/100 Car-Dependent -
Transit Score ®
31/100 Some Transit -
Bike Score ®
40/100 Somewhat Bikeable
- City Cincinnati, OH
- Neighborhood Forest Park
- Zip Code 45240
- Market Cincinnati
Points of Interest
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Oscar Event Center
2.24 miles
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The Oscar Station at Jungle Jim's
2.29 miles
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BP
0.10 miles
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Speedway
0.52 miles
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UDF Fuel
0.68 miles
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Kroger Fuel
0.88 miles
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Mobil
1.97 miles
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Sunoco
2.01 miles
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Tesla Supercharger
9.21 miles
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Forest Park Park & Ride
0.62 miles
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Glensprings Drive Parking Lot
2.20 miles
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City of Springdale Church Street Parking Lot
2.41 miles
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Village Square
4.03 miles
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Ohio National Guard Training and Community Center
4.53 miles
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BMV Practice Lot
6.22 miles
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Centennial Barn Parking Back
6.24 miles
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Peace Center Parking
6.24 miles
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Centennial Barn Parking Front
6.28 miles
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Convent Parking
6.30 miles
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Red Lobster
0.00 miles
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Chipotle
0.03 miles
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The Old Spaghetti Factory
0.06 miles
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McDonald's
0.09 miles
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Asian Buffet
0.11 miles
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Dunkin'
0.12 miles
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IHOP
0.13 miles
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Burger King
0.15 miles
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Steak 'n Shake
0.16 miles
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Chick-fil-A
0.18 miles
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Abandoned Forest Fair Village
0.13 miles
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Meijer
0.28 miles
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Kroger
0.88 miles
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Gordon Food Service
1.89 miles
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Mi Terra
2.26 miles
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Jungle Jim’s International Market
2.27 miles
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Burlington
2.91 miles
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Big Lots
3.33 miles
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ALDI
3.37 miles
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Ross
3.44 miles
Frequently Asked Questions
How much does Red Lobster cost?
The space currently listed for sale at Red Lobster asks for $4,237,500.
What is the total square footage of Red Lobster?
Red Lobster totals 7,103 square feet.
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Contact Listing Broker
Nick Yaldo
Encore Real Estate Investment Services