Outback Steakhouse (Dark)
Retail | Unpriced
Marketing description
REPOSITIONING OPPORTUNITY: Outback's lease obligations remain in place for 5.5 years on an absolute NNN lease, with zero LL responsibilities. allowing buyer cash flow during lease up period.
LOCATION: Strategically positioned on research boulevard, a major thoroughfare and retail corridor, offering excellent visibility, frontage, and immediate access to US Hwy 183 (141k VPD) and Jolleyville (15k VPD).
DEMOGRAPHICS: Austin, TX is one of the fastest growing major metros in the United States and nationally recognized as top place to live in the US. Population counts within 3 miles exceed 96k and 264k within 5 miles. Average Household income is north of $148k
BUILDING: Built in 1994, upgraded to latest prototype in 2016. Most recent upgrade in 2025 included widening the curb cut (ingress/ egress). 6,176 SF building located on an oversized 2.12-acre parcel with 75 parking spaces. Over 263 ft of frontage on research boulevard.
Investment highlights
Horvath & Tremblay is pleased to present the exclusive opportunity to acquire or lease a building formally operated by Outback Steakhouse located at 11600 Research Boulevard in Austin, Texas (the “Property”). The freestanding, single tenant Outback consists of a 6,176 square-foot building on a 2.12-acre parcel of land. Outback has 5+ years remaining on their Triple Net Lease. This location is dark; Outback has ceased operations but will continue to pay base rent and all operating expenses and will continue to maintain the premises for the remainder of their primary lease term (through 9/31/2031).
The Property is exceptionally well located along Research Boulevard directly next to US Highway 183, one of Northwest Austin’s primary retail and commuter corridors. The site benefits from strong visibility, prominent frontage, and convenient access, and is positioned within a dominant trade area featuring a critical mass of national retailers, restaurants, and service providers. Nearby retail anchors include The Arboretum at Great Hills and The Domain, both of which serve as major shopping, dining, and employment hubs for the region. The Property is surrounded by established residential neighborhoods and large multifamily communities that provide a substantial built-in customer base and is located approximately 10 miles north of Downtown Austin, with convenient access to Loop 1 (MoPac Expressway) and Interstate 35.
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