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| Price $3,333,333 $3,400,000 | Built/Renov 2023 | Tenant Outback Steakhouse (GL) |
| Cap Rate 5.10% 5.00% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
4,936
| Lease Start
10-24-2023
| #Units
1,001
|
| Price/SF $675.31 $688.82 | Expiration
09-14-2038
| Tenant Type Casual Dining |
| NOI $170,000 | R. Term 13.7 | Ownership Ground Lease |
| Rent/SF
$34.44
| Increases 10.0%/5/yrs | Pop 5Mi 93,006 |
| Lot/AC 1.88 | Options 4/5yrs/10% | AHHI 5Mi $109,360 |
| | |
Outback Steakhouse is prominently positioned along Grandview Drive, which sees in excess of 11,000 vehicles passing by daily. It is directly off of Fairview Rd. (29,100 VPD) and close to the off ramp for I-385 (58,900 VPD). The property has excellent visibility with 330 feet of frontage along Grandview Drive, 240 feet of frontage along Fairview Road, and 414 feet of frontage along the on-ramp...
...Signalized intersection
High traffic 50M+ VPD
Shopping Ctr out-parcel
Freeway visibility
Top 100 MSA
Affluent AHHI $100K 5 Mi
Brand new lease
Absolute NNN
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 : | 5,670 | 49,161 | 97,493 |
| 2023 Total Population : | 5,489 | 47,404 | 93,515 |
| 2023 Employed Civilian Pop : | 3,084 | 25,130 | 48,014 |
| 2023 Total Businesses : | 442 | 1,238 | 1,949 |
| 2023 Average Household Income : | $ 101,979 | $ 111,494 | $ 109,145 |
| 2023 Total Consumer Spending : | $ 191 M | $ 1750 M | $ 3335 M |
| 2023 Median Age : | 40 | 39 | 39 |
| 2023 Total Households : | 2,170 | 18,206 | 35,550 |
| 2023 Pop Age 25+: Bachelor's Degree : | 925 | 8,316 | 16,456 |
| 2023 Average Home Value : | $ 257,158 | $ 284,795 | $ 284,118 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Fairview Road | Fairview Dr | 2021 | 25,600 | 0.17 mi |
| Fairview Rd | Talley Ct | 2018 | 28,200 | 0.19 mi |
| Fairview Rd | South St | 2018 | 24,500 | 0.23 mi |
| I- 385 | Fairview Rd | 2018 | 52,900 | 0.30 mi |
| Fairview Road | Arbor Keats Dr | 2021 | 31,200 | 0.35 mi |
| Southeast Main Street | Fairview Rd | 2021 | 18,700 | 0.43 mi |
| Grandview Drive | Ladean Ct | 2021 | 9,800 | 0.48 mi |
| S Main St | Fairview Rd | 2018 | 1,850 | 0.55 mi |
| Golden Strip Fwy | Jasmine Cove Cir | 2021 | 57,500 | 0.65 mi |
| South Main Street | Crest St | 2021 | 1,550 | 0.70 mi |
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
