Outback Steakhouse
Brand-New Build | Corporate Ground Lease | Anchored by High-Traffic Power Center | High-Growth Area
Marketing description
Colliers, as exclusive broker, is pleased to present the opportunity to acquire a brand new Outback Steakhouse in Kissimmee, FL—one of the fastest growing markets in the Orlando MSA. This 12-year corporate ground lease offers absolute NNN terms with zero landlord responsibilities, providing secure, passive income backed by Bloomin’ Brands. The lease includes 10% rent increases every six years during the initial term and at each of four (4) five-year renewal options, ensuring long-term cash flow growth.
Positioned north of the high-traffic intersection of Marigold Ave and Cypress Pkwy (67,500 VPD)—which
has seen a 33% increase since 2020—Outback Steakhouse is an outparcel to Poinciana Lakes Plaza, a newly constructed power center that has attracted 732,000 visits in the last three months alone. The site benefits from proximity to major anchor tenants such as Sprouts, Ross, T.J. Maxx, Burlington, Petco, and Crunch, further driving foot traffic to Outback. The property is surrounded by a strong, high-income customer base, with over 85,000 residents within a five-mile radius (4% increase YoY) and an average household income of $93,000. With Osceola County’s population expected to grow 31% by 2040, this property offers a compelling, secure, and profitable investment opportunity.
Investment highlights
Brand-new construction: 12-year corporate ground lease with 10% rent increases every 6 years during the primary term and 10% at each option.
Grocery-anchored outparcel to Sprouts, Ross, T.J. Maxx, Burlington, Petco, and Crunch Fitness, attracting over 732,000 visits in the last 3 months alone.
Nearest Outback locations are over 10 miles away in all directions. This Outback has an extended drawing radius into Osceola and Polk counties.
There is only 44 SF of retail per household in the 10-mile radius compared to 148 SF in Orlando and Lakeland MSAs.
Limited retail inventory, extreme demand, and removal of sales tax on rent have driven asking rent growth of 35% year-over-year.
Located on Marigold Ave near Cypress Parkway where combined traffic has grown 33% since 2020. Outback is situated at the primary entrance to Poinciana Lakes Plaza.
The population of Osceola County is expected to grow 31% by 2040, driven by residential and infrastructure expansion.
Absolute NNN Lease: Tenant pays taxes, insurance, maintenance, and utilities directly with no Landlord management required.
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