Outback Steakhouse | Cullman, AL
15-Year Ground Lease | Signalized Intersection | Cullman Shopping Center Outlot
Marketing description
Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of this brand-new Outback Steakhouse in Cullman, AL. The investment opportunity features a 15-year corporate backed ground lease with 10% rental increases every 5 years and four (4) 5-year options. Outback opened for business on December 3, 2025.
Investment highlights
CORPORATE NET LEASE
Brand-new 15-year corporately guaranteed Outback Steakhouse ground lease
GLOBALLY RECOGNIZED BRAND
Outback has over 1,300 locations in 23 countries throughout North and South America, Asia and Australia
INFLATION HEDGE
Fixed 10% increases every 5 years provide a hedge against inflation and consistent rent growth
PASSIVE OWNERSHIP
Absolute net ground lease provides passive ownership and stable cash flow for an absentee owner
HARD-CORNER AT SIGNALIZED INTERSECTION
Free-standing building on a 1.48ac parcel fronting US-31 (26,200 VPD)
HIGH PROFILE LOCATION
Direct outlot to Cullman Shopping Center, a 305k square foot community center anchored by Publix, Belk Department Store, & Dick’s Sporting Goods (220k+ visits/month per placer.ai)
LIMITED COMPETITION
This Outback will be one of the few national casual dining brands in the Cullman market
POPULATION GROWTH
The City of Cullman has seen tremendous population growth in recent years, with an annual growth rate of 2.19%, and a 12.04% increase since 2020
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