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31772874
31772875

955 E Oak St, Conway, AR 72032 For Sale

WK
TX 755628
Marcus & Millichap - Dallas
Listed by Marcus & Millichap - Dallas
$2,974,000
90 days on market
Updated 21 days ago

Outback Steakhouse | 578 Hotel Rooms within Walking Distance

Details
Property Type Retail
Sub Type Restaurant
Square Footage 6,497
Net Rentable (SqFt) 6,497
Cap Rate 6.25%
NOI $185,896
Occupancy 100%
Tenancy Single
Brand/Tenant Outback Steakhouse
Lease Type Absolute NNN
Lease Term 15.1
Lease Expiration 10/30/2032
Remaining Term 6.3
Rent Bumps Yes
Price per SqFt $458
Year Built 2017
Investment Type Net Lease
Lease Commencement 10/03/2017

Outback Steakhouse | Corporate Guaranty | 578 Hotel Rooms within Walking Distance | 6.25% CAP

Marketing description

Marcus & Millichap is pleased to offer Outback Steakhouse for sale in Conway, Arkansas. The property is a relocation store, built in 2017, and building is 6,497 square feet on 1.47-acre land.

Conway’s strong community spirit, high-performing schools and colleges, family friendly recreation, and vibrant economy attract visitors, residents, and businesses to the city. It is this quality of life in Conway and the surrounding area that has made Faulkner County the 72nd fastest-growing county in the nation, out of 3,007 counties, according to the U.S. Census Bureau. Conway has three institutions of higher learning - the University of Central Arkansas, Central Baptist College, and Hendrix College - that produce graduates who choose to stay in the area and enter the workforce. As a result, nearly 40 percent of Conway’s adults have a post-secondary degree. This educational level is a boon to employers in all sectors, and Conway has a variety - manufacturing, education, health services, and technology and information services, to name a few. As of 2026 Q1, unemployment rate is 3.7% compared to 4.1% US, and Y-O-Y sales growth is 5.49% compared to 2.1% US. Job growth rate is HIGH compared to Stabilizing US.

Outback Steakhouse in high-growth city of Conway, Arkansas is a good fit for those that are looking for truly passive investment with the corporate guaranty from the publicly traded Bloomin’s Brands, Inc.

Investment highlights

  • Conway is currently experiencing a significant wave of industrial and commercial expansion
  • Rare Corporate Guaranty from Bloomin' Brands, Inc. (NASDAQ: BLMN)
  • 2.5 Miles from University of Central Arkansas (11,700 Students)
  • 84,700 Daytime Employees in Trade Area
  • 578 Hotel Rooms within Walking Distance
  • Relocation Store Built in 2017
  • 6.5 Years Corporate Ground Lease Remaining

Listing Contacts

WK
TX 755628
Marcus & Millichap - Dallas
Listed by Marcus & Millichap - Dallas

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$185,896.00
$15,491.33/mo

Valuation Metrics

0
DSCR
6.25%
Cap Rate
6.25%
ROI

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Additional Information

Name
Steve Greer
License
AR PB00098133
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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