loader
Join Free
Views: 58 DOM: 126 Updated: 11.19.24 Posted: 08.17.24 Status: Active

Summary

Price $3,778,200
Built/Renov 2003
Tenant Outback Steakhouse
Cap Rate 6.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 6,172
Lease Start 09-30-2016
#Units 935
Price/SF $612.15
Expiration 09-30-2036
Tenant Type Casual Dining
NOI $245,584
R. Term 11.9
Ownership Fee Simple
Rent/SF $39.79
Increases 1.8%/1/yrs
Pop 5Mi 25,764
Lot/AC 0.24
Options 3/5yrs/1.8%
AHHI 5Mi $62,361

Lease Highlights

  • 20-year operating history at this location
  • Outback Steakhouse has 11+ years remaining on the current lease term with 3 (5-year) options to extend
  • The lease features 1.8% annual rental increases throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease (NASDAQ: BLMN)

Location Description

Outback Steakhouse is strategically located on Factory Shops Boulevard, with access to a significant daily traffic count of 65,000 vehicles. The property is part of the Gaffney Outlet Marketplace, which features well-known national tenants such as Adidas, Aeropostale, American Eagle, Bath & Body Works, Brooks Brothers Factory, and more. It is conveniently situated right off Exit 90 on...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Outback Steakhouse is a chain of Australian-themed casual dining restaurants, serving American cuisine. Best known for grilled steaks, chicken, and seafood, Outback also offers a wide variety of...


...

Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 182 5,746 25,806
2024 Total Population : 186 5,787 25,747
2024 Employed Civilian Pop : 78 2,365 9,274
2024 Total Businesses : 71 363 1,056
2024 Average Household Income : $ 70,250 $ 73,544 $ 63,463
2024 Total Consumer Spending : $ 4 M $ 162 M $ 588 M
2024 Median Age : 41 43 40
2024 Total Households : 67 2,477 10,340
2024 Pop Age 25+: Bachelor's Degree : 21 803 2,272
2024 Average Home Value : $ 208,333 $ 220,263 $ 204,434
*ESRI data is presented for informational purposes only

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity