Outback Steakhouse - Jacksonville, FL - $117,000 Buyside Fee
Retail | 5.90% CAP | 6,027 SqFt
Marketing description
HMX Realty Advisors is pleased to exclusively offer a 6,027-square-foot freestanding absolute triple net Outback Steakhouse on 0.67 acres in Jacksonville, Florida. The property is ideally located with excellent frontage and visibility on San Jose Boulevard (Traffic Count: 45,500 VPD) just 1.8 miles north of I-295 (Traffic Count: 129,000 VPD) which encircles Downtown Jacksonville. Outback Steakhouse is also an outparcel to the 51,063 square-foot Mandarin Outback Plaza occupied by Firehouse Subs, MetroPCS, H&R Block, and Dickey’s Barbecue Pit among a myriad of local retailers and is immediately adjacent to the Mandarin Medical Plaza providing Outback with a built-in customer base. In all, there is more than 5.2 MSF of retail within a 3-mile radius of the site
Investment highlights
Absolute Net Lease With Annual Rent Escalations: Over five years remaining with 1% annual rent increases throughout the term.
Outparcel Location: Outback Steakhouse is an outparcel to the 51,063 square foot Mandarin Outback Plaza occupied by Firehouse Subs, MetroPCS, H&R Block, and Dickey’s Barbecue Pit among a myriad of local retailers and is immediately adjacent to the Mandarin Medical Plaza providing Outback with a built-in customer base.
Excellent Access & Visibility: The property is ideally located with excellent frontage and visibility on San Jose Boulevard (Traffic Count: 45,500 VPD) just 1.8 miles north of I-295 (Traffic Count: 129,000 VPD) which encircles Downtown Jacksonville.
Dynamic Demographics: The property benefits from dynamic demographics with a 3-mile population of 63,209 and average household income of $116,545.
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