170 Cypress Gardens Blvd
Winter Haven, FL 33880
Outback Steakhouse | Winter Haven | FL · Retail Property For Sale

CBRE' S NET LEASE PROPERTY GROUP is pleased to exclusively of fer a 6,246-square-foot freestanding Outback Steakhouse on 1.40 acres in Winter Haven, Florida. The property located at the corner of 1st Street S and Cypress Gardens Boulevard with traffic counts of 23,000 vehicles per day. Situated nearby the Colonial Promenade anchored by Walmart Super Center, Five Guys, Sally Beauty, and Dollar General, Outback is in an ideal and main retail location in Winter Haven. Additional surrounding retailers include ALDI, Staples, 7-Eleven, Walgreens, AT&T and Wawa. The property also benefits from dense demographics, with over 4,988 people in the 1 mile ring, over 39,000 people in the 3 mile ring, and over 94,000 in the 5 mile ring. At closing, Outback will execute a new 15-year absolute NNN lease with 1.00% annual rent increases. This investment offers investors the opportunity purchase a net leased asset leased on a long-term NNN basis to one of the country' s premier casual dining restaurant operators. With a population estimated to be 35,531, Winter Haven is the 2nd most populated city in Polk County as well as the principal city of the Lakeland-Winter Haven MSA. Winter Haven is centrally located between Tampa and Orlando, two of Florida' s major metropolitan areas. It is home to over 50 lakes and numerous pristine golf courses, as well as the largest LEGOLAND in the world. The Median family income is $39,657 and the median income for a household is $31,884. Polk County has a population of 602,095 and is home to 6 universities as well as the Fortune 500 company Publix Super Markets. Supporting a work force of over 275,000, Polk County' s major industries are tourism, agriculture, and phosphate mining. Along with LEGOLAND and CSX, Pork County is home to Bok Tower Gardens. Bok Tower Gardens is a national historic landmark, featuring Olmsted gardens and the 205-foot Singing Tower carillon.