loader
Join Free
Views: 72 DOM: 116 Updated: 11.15.24 Posted: 08.27.24 Status: Active

Summary

Price $2,306,800
Built/Renov 2000
Tenant Outback Steakhouse
Cap Rate 6.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 6,320
Lease Start 03-01-2017
#Units 935
Price/SF $365.00
Expiration 02-28-2037
Tenant Type Casual Dining
NOI $149,943
R. Term 12.2
Ownership Fee Simple
Rent/SF $23.73
Increases 1.8%/1/yrs
Pop 5Mi 52,142
Lot/AC 1.81
Options 3/5yrs/1.8%
AHHI 5Mi $91,299

Lease Highlights

  • Outback Steakhouse has 12+ 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 Hampton Court, with 6,400 vehicles passing by daily. The property is within one mile of US-16 (27,800 VPD) and the on-ramp to Interstate 90 (36,900 VPD). Additionally, Hampton Inn, Manny’s Cocina, and Ciatti’s Italian Grill are immediately adjacent to the site. The surrounding area features well-known national tenants, including Walmart...

...

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...


...

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