Listed by NorthMarq
$3,538,000
Outback Steakhouse
Details
Property Type Retail
Sub Type Restaurant
Square Footage 7,086
Cap Rate 5.75%
NOI $203,423
Occupancy 100%
Tenancy Single
Brand/Tenant Outback Steakhouse
Lease Type Absolute NNN
Lease Expiration 03/16/2032
Remaining Term 5.7
Rent Bumps Yes
Lease Options 4, 5-Year Options
Price per SqFt $499
Year Built 2001
Year Renovated 2012
Buildings 1
Acreage 2.300
Parking Spaces 154 spaces
Parking per 1,000 SqFt 21.73
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Ownership Fee Simple
Outback Steakhouse | Burleson, TX | Houston MSA | 5.75% CAP
Marketing description
- Publicly Traded Parent Company
- Long-Term Net Lease | Annual Rent Escalations | 4, 5-Year Options
- Strategic Location
- Excellent Access in High-Traffic Corridor
- Dynamic Demographics
Listing Contacts
Listed by NorthMarq
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$203,423.00
$16,951.92/mo
Valuation Metrics
0
DSCR
5.75%
Cap Rate
5.75%
ROI
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