Outback Steakhouse - Vienna, WV
Outback Steakhouse | 6.25% CAP | Top 25 Store (Placer.ai)
Listing Contacts
See All (4)
License: CA 01977909
License: CA 02002301
Active
Address
105 Grand Central Ave, Vienna, WV 26105
Show on MapDate Added
Jan 14, 2025
Days on Market
64 days
Time Since Last Update
64 days
Details
Property TypeRetail
SubtypeQSR/Fast Food, Restaurant
Investment TypeNet Lease
Investment Sub TypeNNN (GL)
Lease TypeAbsolute NNN
Tenant CreditNo Credit Rating
TenancySingle
Brand/TenantOutback Steak House
Lease Commencement05/01/2021
Lease Expiration04/30/2031
Remaining Term6.1 years
Square Footage6,200
Price/Sq Ft$369.03
Cap Rate6.25%
Occupancy100%
NOI$143,000
Year Built1996
Lot Size (acres)1.68
Rent Bumps10% every 5 years
APN54-10-0046-001A-0000
Lease Options3 (5-Year)
Ground LeaseYes
OwnershipLeased Fee (Land Ownership)
Sale ConditionFor sale by owner
Investment Highlights
-
Outback Steakhouse | Subsidiary company of OSI Restaurant Partners, LLC (OSI is owned by Bloomin’ Brands, Inc.)
-
Absolute NNN (Ground Lease)
-
10% rental increases every 5 years
-
Top 25 Store Nationally (Placer.ai) | Outback paid $23,169 in % rent during 2023
-
Parkersburg-Vienna Metropolitan Area | 4.9 Million Annual Visits (Placer.ai) | Stable Demographics | Close Proximity to Major Employers, Housing and Entertainment Complexes
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$143,000.00
$11,916.67/mo
Valuation Metrics
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
0
DSCR
6.25%
Cap Rate
6.25%
ROI
Due Diligence
Listing Contacts
See All (4)- License: CA 01977909
- License: CA 02002301
Similar Properties for Sale
$2,978,000
Big Lots - Vienna, WV
10.00% CAP • Big Lots - Vienna, WV
113 Grand Central Ave Parkersburg, WV 26101
$1,520,000
Popeyes - Vienna, WV
Popeyes • 6.25% CAP • Vienna, WV
311 Grand Central Ave Parkersburg, WV 26105
$2,160,000
LongHorn Steakhouse - Vienna, WV
LongHorn Steakhouse • 6.25% CAP • Vienna, WV
403 Grand Central Ave Vienna, WV 26105
$224,900
316 16th St
Retail • 5,400 SF
316 16th St Vienna, WV 26105
$150,000
2700 Broad Street
Immediately available for sale-Over 10,000 sq ft-Church with ample parking.
2700 Broad St Parkersburg, WV 26101
Opportunity Zone
$130,000
Market St
Retail • 6,876 SF
926 Market St Parkersburg, WV 26101
Opportunity Zone
$575,000
214 7th St
Office • 50,550 SF
214 7th St Parkersburg, WV 26101
Opportunity Zone
$13,763,571
Dollar General Portfolio
Retail • 7.04% CAP • 146,639 SF
18 LOCATIONS
$495,000
1099 Division Street
High traffic location great for Retail or Restaurant.
1099 Division St Parkersburg, WV 26101
American MArietta
$2,899,000
Boaz Business Park
Fully leased multi-use commercial buildings for sale!
2242 Williams Hwy Williamstown, WV 26187
Opportunity Zone
$500,000
The Buckley House Restaurant
Retail
332 Front St Marietta, OH 45750
See more properties for sale in Vienna
Broker Information
Broker Name
Louis Oliva
Broker License
WV0027510
Is there information that looks off? Report
For assistance, reach out to our support team at [email protected] or call 888.273.0423 .