Outback Steakhouse Ground Lease | Columbus MSA
Across from #1 Walmart in Alabama | 33,899 VPD | New Corporate Abs NNN Lease
Marketing description
New 12-year absolute NNN corporate ground lease, backed by 670+ locations.
10% rental increases through initial term and option periods, ensuring consistent income growth.
Absolute NNN ground lease requires zero landlord maintenance, ideal for a potential out-of-area investor.
Parent company, Bloomin’ Brands, Inc. (NASDAQ: “BLMN”) Q3 2025 results showed total quarterly revenues rising from $910M to $929M compared to Q3 2024, reflecting top-line growth momentum during 2025.
Across the street from the #1 most highly trafficked Walmart in the entirety of Alabama.
Located within a newly constructed 11.6-acre retail development which includes strong traffic drivers, including Starbucks, Chipotle, Valvoline, and Peachtree Immediate Care.
Highly visible and easily accessible location along U.S. Route 280, allowing for prime site visibility (33,899 AADT).
Investment highlights
Reliable Tenancy: Outback Steakhouse is a globally recognized steakhouse chain with over 670 locations.
Strong Demographic Base: The five-mile radius serves a populous region of 97,654, with an average annual household income of $74,526.
New Retail Development: Located within a newly constructed 11.6-acre retail development which includes strong traffic drivers, including Starbucks, Chipotle, Valvoline, and Peachtree Immediate Care.
New Construction: 2025 construction built to the latest Outback Steakhouse prototype.
Growing Market Dynamics: Projected income increases within 1-, 3-, and 5-mile radii over the next five years poise this Outback Steakhouse and Phenix City for steady concurrent growth.
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