245 FL-312, St. Augustine, FL 32086

The Snyder Carlton National Net Lease Team is pleased to present an opportunity to purchase a single-tenant absolute NNN-leased retail asset fully occupied by Outback Steakhouse in St. Augustine, FL. Blooming Brands, which owns Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill, and Fleming’s Prime Steakhouse & Wine Bar, operates over 1,450 restaurants worldwide with 81,000+ team members. With over 18 years of successful operating history at this location, 5.8 lease years remaining in the primary term, four 5-year option periods, and annual rental increases, this is an excellent opportunity for an investor seeking zero landlord responsibilities and years of inflation-resistant cash flows.

The 6,115 SF building on a 1.72-acre parcel is located on Florida State Road 312 (38,5000 VPD) with great access from Dixie Highway (41,900 VPD) and is positioned in St. Augustine’s premier retail corridor with countless national retailers including Walmart Supercenter, Target, The Home Depot, Lowe’s Home Improvement, Walgreens, CVS, Publix, ALDI, Starbucks, McDonald’s, Chick-fil- A and more.

This is a wonderful opportunity to acquire an absolute NNN-leased retail asset in St. Augustine’s busiest retail corridors with zero landlord responsibilities, annual rent increases, a corporate-backed lease, and strong demographics providing years of worry-free income.