Investment Overview

Marcus & Millichap is pleased to offer for sale the fee simple interest in a freestanding, single-tenant upscale casual dining restaurant occupied by Cooper’s Hawk Winery & Restaurant located in Toledo, Ohio. The building was constructed in 2021 and is situated on a 2.4-acre lot. The tenant is subject to a long-term absolute net lease, through May 2036, with fixed ten percent rent increases every five years over the original term and in each of the four (4) five-year renewal options. Founded in 2005 by CEO Tim McEnery, Cooper’s Hawk was built upon the belief that food and wine hold the power to forge lasting connections. The portfolio currently includes nearly over 50 Cooper’s Hawk Winery & Restaurant locations, one of the world’s largest wine clubs with more than 540,000 members, and “by Cooper’s Hawk” concepts that showcase a curated selection of specialized culinary a wine experiences. Cooper’s Hawk wines have won over 600 awards and are the Official Wines of the Screen Actors Guild® Awards. Cooper’s Hawk is strategically located with high visibility on Talmadge Rd (16,072 VPD) at the corner of Ohio State Route 51/Monroe St (20,158 VPD) and within close proximity to Interstate-475 (63,542 VPD) and US-23 (64,563 VPD). The property is an outparcel to a shopping center anchored by KSI Kitchen & Bath, accompanied by Olive Garden and Chili’s Bar & Grill. Also neighboring the asset is University of Toledo Physicians at Regency Medical Campus. Large retailers within the immediate area include Target, Fresh Thyme Market, Michaels, Bed Bath & Beyond, Marshalls/HomeGoods, PetSmart, Gabe’s, OshKosh B’Gosh, Hobby Lobby and numerous others. There is 18.6 million square feet of retail within a five-mile radius of the property.