11875 W Gateway Blvd
El Paso, TX 79936
Outback Steakhouse: El Paso, TX · Retail Property For Sale

CBRE' S NET LEASE PROPERTY GROUP is pleased to exclusively offer a 6,204-square-foot freestanding Outback Steakhouse situated on 1.14 acres in El Paso, TX, (MSA Population: 838,972). Outback Steakhouse' s new 20-year absolute NNN lease with 1.80% annual rent increases recently commenced in October 2016. This investment offers investors an excellent opportunity to acquire a net leased asset leased on a long-term NNN basis to one of the nation' s premier casual dining restaurant operators. The property is ideally situated with excellent access and visibility on both Gateway Boulevard (Traffic Count: 17,856 VPD) and I-10 (Traffic Count: 132,000 VPD), the city' s primary thoroughfare. Outback Steakhouse is also an outparcel to the 750,000-square-foot Las Palmas Marketplace Shopping Center which is anchored by Lowe' s Home Improvement, Kohl' s, Cinemark, Cost Plus World Market, Bed Bath & Beyond, Office Depot, Ross, Michael' s, and Babies R Us. The city is also served by more than a dozen of nearby hotels with approximately 1,500 combined rooms which provide the restaurant with a substantial built-in customer base. With over 9.3 MSF of retail, 2.5 MSF of office, 17.8 MSF of industrial, and 9,099 multifamily units within a 3-mile radius, the property lies within El Paso' s premier retail and commercial corridor.