Listed by Arsenal Real Estate Advisors
$3,333,333
Outback Steakhouse
Details
APN R27 222 18 1357 0000 0040
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 5,000
Net Rentable (SqFt) 5,000
Cap Rate 5.25%
NOI $175,000
Occupancy 100%
Tenancy Single
Brand/Tenant Outback Steakhouse
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 07/31/2041
Remaining Term 15.1
Rent Bumps Yes
Lease Options 4, 5-Year
Broker Co-Op True
Year Built 2026
Acreage 1.580
Parking Spaces 136 spaces
Parking Per SqFt 27.20
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 07/28/2026
Ground Lease Yes
Sale Condition 1031 exchange
2026 Construction | 15-Year NNN Ground Lease
Investment highlights
- Brand New 15-Year NNN Ground Lease
- Outback Steakhouse -Global Brand with 35+ Year Track Record - Based in Tampa, FL
- Tampa–St. Petersburg–Clearwater MSA | 3.3M+ Population | Top Florida Growth Market
- Alliance at the Grove | Premier Retail Development with National Tenants
- Prime Position Along Cortez Boulevard (SR-50) with+/-45k VPD
- Tax-Friendly Florida Location
- 10% Rent Increases Every 5 Years
Listing Contacts
Listed by Arsenal Real Estate Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$175,000.00
$14,583.33/mo
Valuation Metrics
0
DSCR
5.25%
Cap Rate
5.25%
ROI
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