2060 I-10
Beaumont, TX 77707
Outback Steakhouse: Beaumont, TX · Retail Property For Sale

CBRE' s NET LEASE PROPERTY GROUP is pleased to exclusively offer a 6,167-square-foot freestanding Outback Steakhouse situated on 1.64 acres in Beaumont, Texas, which lies 90 miles east of Houston and is within the Beaumont-Port Arthur MSA (Population: 408,419). Outback Steakhouse' s new 20-year absolute NNN lease with 1.80% annual rent increases commenced in March 2017. This property 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 Interstate-10 (106,000 VPD), 30 miles north of the Gulf of Mexico. Outback Steakhouse is also positioned directly across I-10 from a number of auto dealerships including BMW, Mercedes-Benz and Jeep Dodge Chrysler and within a retail cluster occupied by myriad other restaurants including Golden Corral and Carrabba' s Italian Grill. Additionally, the site is surrounded by a critical mass of hotels (with nearly 1,400 combined rooms), all of which lie within 1.5 miles of the subject property and provide a built-in customer base. Furthermore, Outback Steakhouse is located within one of the area' s premier retail and commercial corridors (5.5 MSF of retail, 4.2 MSF of office, 3.9 MSF of industrial and 3,743 multifamily units within a 3-mile radius) and lies proximate to a number of other major retailers including H-E-B, Harley Davidson, Nissan, Honda, Catherines, Home Furniture, Walgreens, CVS, Family Dollar, Dollar Tree, Office Depot, Payless Shoesource, Firestone, AutoZone, Chick-Fil-A, Taco Bell, IHOP, Subway, Sonic, Whataburger and Pizza Hut among many others.