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Outback Steakhouse | Palmdale, CA 1061 W Rancho Vista Blvd 6,063 SF Retail Building Palmdale, CA 93551 $4,800,000 ($791.69/SF) 5.50% Cap Rate
Investment Highlights
- Single-Tenant Outback Steakhouse Absolute NNN Ground Lease
- 30-Year Successful Operating History at This Location (Since 1996)
- 10% Rent Increases Every 5 Years
- Outback Steakhouse (NASDAQ: BLMN) Is One of the Largest Casual-Dining Companies in the World With 675 U.S. Locations and 1,000 Restaurants
- Executed a New 10-Year Lease in 2026, Demonstrating a Long-Term Commitment to the Location
- Absolute NNN Ground Lease
Executive Summary
Property Facts
Amenities
- Bus Line
- Freeway Visibility
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
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- Accommodation and Food Services
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- -
- -
Outback Steakhouse is an Australian-themed American casual dining restaurant chain founded in 1988 in Tampa, Florida. The brand was established by restaurateurs Bob Basham, Trudy Cooper, Chris T. Sullivan, and Tim Gannon, who sought to create a relaxed restaurant environment with steakhouse offerings and bold flavors. Over time, Outback Steakhouse expanded nationwide and internationally, supported by a menu centered on seasoned steaks, chicken, seafood, and its signature Bloomin’ Onion. The company operates as part of Bloomin’ Brands, a publicly traded restaurant group based in Tampa. Throughout its history, Outback Steakhouse has undergone periods of remodeling and strategic adjustments, including recent operational changes to improve performance and streamline its dining model. The company navigated multiple expansions, closures, and brand updates while maintaining its identity as a casual dining destination. Outback Steakhouse remains a recognized name in the restaurant industry, known for its consistent menu themes and broad domestic presence. The brand continues to operate under Bloomin’ Brands, which trades on NASDAQ under the ticker symbol BLMN.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
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Accommodation and Food Services | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 3005-038-059 | Improvements Assessment | $2,865,272 |
| Land Assessment | $1,641,894 | Total Assessment | $4,507,166 |
Property Taxes
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Outback Steakhouse | Palmdale, CA | 1061 W Rancho Vista Blvd
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