Listed by Secure Net Lease
$3,364,485
Outback Steakhouse
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 4,694
Cap Rate 5.35%
NOI $180,000
Occupancy 100%
Tenancy Single
Brand/Tenant Applebee's, Chili's
Lease Type Net
Lease Term 10
Lease Expiration 08/26/2034
Remaining Term 8.2
Rent Bumps Yes
Lease Options (4) 5-Year Renewal Options
Price per SqFt $717
Buildings 1
Stories 1
Acreage 1.360
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 08/26/2024
Ground Lease Yes
5.35% CAP | Located in One of the Fastest-Growing Cities in Texas
Marketing description
10-Year Ground Lease with 10% Rental Increases Every 5 Years
Prime Infill Location in a High-Growth DFW Suburb | Located on US 80 (56k+ VPD), Primary Arterial Connecting Forney to Downtown Dallas
Anchored by Kroger (Ranked Top 3% Texas & 2% in U.S.), Walmart Supercenter (2M+ Annual Visitors), & Much More
Near Many New Developments | Villages at Gateway (Home Depot, 131K SF H-E-B, Target), plus 161K SF Costco and 1,100-acre Meraki (2,700 homes), & More
Durable Demand Supported by Population Growth & Metro Expansion | Forney is One of the Fastest-Growing Cities in Texas (60% Growth Since 2020
Listing Contacts
Listed by Secure Net Lease
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$180,000.00
$15,000.00/mo
Valuation Metrics
0
DSCR
5.35%
Cap Rate
5.35%
ROI
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