| Price $3,000,000 | Built/Renov 2023 | Tenant Outback Steakhouse (GL) |
| Cap Rate 5.50% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
4,694
| Lease Start
02-29-2024
| #Units
1,001
|
| Price/SF $639.11 | Expiration
02-28-2039
| Tenant Type Casual Dining |
| NOI $165,000 | R. Term 14.9 | Ownership Ground Lease |
| Rent/SF
$35.15
| Increases 10.0%/5/yrs | Pop 5Mi 146,560 |
| Lot/AC 1.50 | Options 4/5yrs/10% | AHHI 5Mi $112,736 |
| | |
Outback Steakhouse is strategically located at the intersection of Wilmington Pike & Village Center Dr, with access to 27,456 vehicles passing by daily. The property offers convenient ingress and egress from Cornerstone N. Blvd, the main connecting road to Cornerstone Apartments (260 units). Additionally, it serves as an outparcel of Cornerstone of Centerville North, a development featuring...
...New construction
Hard corner intersection
Shopping Ctr out-parcel
Freeway close
Top 100 MSA
Strong demographics
Brand new lease
Long 15+ yr lease
Traded and rated company
Corporate Guarantee
Outback Steakhouse is a chain of Australian-themed casual dining restaurants, serving American cuisine. The chain specializes in a wide variety of dishes; including prime steak cuts, chicken,...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 6,086 | 65,938 | 145,976 |
| 2023 Total Population : | 6,183 | 65,815 | 146,560 |
| 2023 Employed Civilian Pop : | 3,137 | 33,892 | 75,130 |
| 2023 Total Businesses : | 183 | 2,245 | 5,187 |
| 2023 Average Household Income : | $ 111,222 | $ 110,792 | $ 112,736 |
| 2023 Total Consumer Spending : | $ 250 M | $ 2726 M | $ 6191 M |
| 2023 Median Age : | 49 | 46 | 46 |
| 2023 Total Households : | 2,627 | 28,617 | 63,917 |
| 2023 Pop Age 25+: Bachelor's Degree : | 1,450 | 13,301 | 28,925 |
| 2023 Average Home Value : | $ 234,553 | $ 248,017 | $ 249,429 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Wilmington Dayton Pike | Feedwire Rd | 2005 | 22,300 | 0.20 mi |
| Wilmington Dayton Pike | Whipp Rd | 2005 | 22,300 | 0.21 mi |
| Feedwire Rd | Wilmington Dayton Pike | 2005 | 14,000 | 0.34 mi |
| East Whipp Road | Old Whipp Ct | 2021 | 10,127 | 0.34 mi |
| East Whipp Road | 2019 | 10,435 | 0.34 mi | |
| Whipp Rd | Wilmington Dayton Pike | 2007 | 9,647 | 0.35 mi |
| Wilmington Pike | Arrowhead Dr | 2005 | 24,800 | 0.38 mi |
| Overbrooke Road | Arlmont Cir | 2021 | 1,043 | 0.44 mi |
| Wilmington Pike | Whipp Rd | 2021 | 28,016 | 0.47 mi |
| E Rahn Rd | Concordia Cir | 2004 | 3,000 | 0.47 mi |
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
