Bonefish Grill

Tenant Description

Bonefish Grill is an American casual dining seafood restaurant chain owned and operated by Bloomin’ Brands. The company was founded in St. Petersburg, Florida in the year 2000.

Bloomin’ Brands, Inc., through its subsidiaries, owns and operates upscale casual restaurants in the United States and internationally. Its portfolio has four concepts; Outback Steakhouse, a casual steakhouse restaurant; Carrabba’s Italian Grill, a casual Italian restaurant; Bonefish Grill, an upscale casual seafood restaurant; and Fleming’s Prime Steakhouse & Wine Bar, a contemporary steakhouse.

The typical Bonefish Grill restaurant is only open for dinner, although some locations are open for weekend brunch.

What To Look For When Buying A Bonefish Grill

Is It A Fee Simple Or Ground Lease?

What We Like About Bonefish Grill

Unique Concept, Bloomin’ Brands Is A Strong Company

Competition

Red Robin, TGI Fridays, Joe’s Crab Shack

What Is Sold In A Bonefish

Bonefish Grill offers American style seafood in a casual dining experience. The company offers mainly wood grilled fish and has a wide variety of specialty- type mixed drinks.  Bonefish Grill also offers a gluten-free dining experience.

Bonefish Grill Website

https://www.bonefishgrill.com/

Corporate Office Location

2202 N. West Shore Blvd. 5th floor  – Tampa, Florida 33607

Parent Company

Bloomin’ Brands, Inc.

https://www.bloominbrands.com/home/index.aspx

Fast Facts

As of 2019 Bonefish Grill has more than 200+ locations in 30+ states.

Stock Price (Parent Company)
Tenant News (Parent Company)
Average Cap Rate Trend
6.25%
2019
6.0%
2020
12 mo avg with 10+ yr lease term (*Please Note Data Points Are Not Exact Figures*)
Average Sale Data & Lease Structure
Avg. Sale Price$2,000,000
Avg. Annual Rental Income$80,000
Avg Price/sf$250
Typical Lease StructureGround Lease
Typical Lease Term10 Years
Typical Lease EscalationsNone
Credit Rating (Parent Company)
S & PBB Negative
Moody'sBa2 Stable

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