5305 Clark Ave, Lakewood, CA 90712

Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase a single-tenant Outback Steakhouse property located at 5305 Clark Avenue in Lakewood, California. The Property consists of a 6,300-square-foot building situated on 0.82 acres, ground leased since 1996 under an absolute NNN structure. Outback Steakhouse has operated at this location for nearly three decades and recently exercised its fourth five-year renewal option, extending the lease through June 30, 2031. As part of the renewal, the tenant will invest a minimum of $150,000 in an exterior remodel by July 2026, underscoring its commitment to the long-term success of this location. The lease is further strengthened by consistent sales performance, with rolling 12 month sales exceeding $6.26 million and surpassing the $5.5 million percentage rent breakpoint. With 2 percent annual rental increases compounding throughout the term, the Property offers investors durable, growing cash flow supported by both contractual rent growth and the tenant’s strong operating history.