Red Lobster

For Sale

320 Cincinnati Mills Rd , Cincinnati, OH 45240

This Cincinnati property for sale is located at 320 Cincinnati Mills Rd . The current listed sale price for Red Lobster is $4,237,500. Red Lobster is situated on a lot that is 1.37 acre in size.

Contacts

broker
Nick Yaldo

Encore Real Estate Investment Services

Property Details

  • 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 Dec 10, 2024
Cincinnati is the third-most populous city in the U.S. state of Ohio. Within a one-day drive of two-thirds of the American population, Cincinnati is a city in and county seat of Hamilton County. Although Cincinnati is often perceived as a sleepy Midwestern metro area, residents benefit from many amenities, including museums, professional sports teams, and restaurants. Families are drawn to Cincinnati for its excellent public and private schools and many Montessori schools. Plus, Fortune 500 companies bring in significant national and international talent. Cincinnati is also home to historic architecture, with many urban core structures remaining intact for 200 years. Metropolitan Cincinnati has the 28th-largest economy in the United States and the seventh-largest in the Midwest. It currently has the fastest-growing Midwestern economic capital based on percentages. Several Fortune 500 companies are headquartered in Cincinnati, such as Procter & Gamble, The Kroger Company, and Macy’s, Inc. General Electric has also headquartered their Global Operations Center in Cincinnati. The city has three major professional sports teams, the Cincinnati Reds of Major League Baseball, the Cincinnati Bengals of the National Football League, and FC Cincinnati of Major League Soccer. The University of Cincinnati is positioned within the city’s limits. The University of Cincinnati is a major economic force for the city, having an annual economic impact of over 3.5 billion dollars. Xavier University, located in Cincinnati, and the University of Cincinnati have a combined enrollment of more than 50,000 students..
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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

Getting around

  • 44/100

    Walk Score ®

  • 31/100

    Transit Score ®

  • 40/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Cincinnati, OH
  • Neighborhood Forest Park
  • Zip Code 45240
  • Market Cincinnati

Points of Interest

  • Oscar Event Center

    2.24 miles

  • The Oscar Station at Jungle Jim's

    2.29 miles

  • BP

    0.10 miles

  • Speedway

    0.52 miles

  • UDF Fuel

    0.68 miles

  • Kroger Fuel

    0.88 miles

  • Mobil

    1.97 miles

  • Sunoco

    2.01 miles

  • Tesla Supercharger

    9.21 miles

  • Forest Park Park & Ride

    0.62 miles

  • Glensprings Drive Parking Lot

    2.20 miles

  • City of Springdale Church Street Parking Lot

    2.41 miles

  • Village Square

    4.03 miles

  • Ohio National Guard Training and Community Center

    4.53 miles

  • BMV Practice Lot

    6.22 miles

  • Centennial Barn Parking Back

    6.24 miles

  • Peace Center Parking

    6.24 miles

  • Centennial Barn Parking Front

    6.28 miles

  • Convent Parking

    6.30 miles

  • Red Lobster

    0.00 miles

  • Chipotle

    0.03 miles

  • The Old Spaghetti Factory

    0.06 miles

  • McDonald's

    0.09 miles

  • Asian Buffet

    0.11 miles

  • Dunkin'

    0.12 miles

  • IHOP

    0.13 miles

  • Burger King

    0.15 miles

  • Steak 'n Shake

    0.16 miles

  • Chick-fil-A

    0.18 miles

  • Abandoned Forest Fair Village

    0.13 miles

  • Meijer

    0.28 miles

  • Kroger

    0.88 miles

  • Gordon Food Service

    1.89 miles

  • Mi Terra

    2.26 miles

  • Jungle Jim’s International Market

    2.27 miles

  • Burlington

    2.91 miles

  • Big Lots

    3.33 miles

  • ALDI

    3.37 miles

  • Ross

    3.44 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Nick Yaldo

Encore Real Estate Investment Services