2225 W Highway 44
Inverness, FL 34453
Outback Steakhouse: Inverness, FL · Retail Property For Sale

CBRE' S NET LEASE PROPERTY GROUP is pleased to exclusively offer a 6,174-square-foot freestanding Outback Steakhouse situated on 3.33 acres in Inverness, Florida which is part of the Homosassa Springs MSA (Population: 141,058). 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. Outback Steakhouse is ideally located with excellent access and visibility on Highway 44 (Traffic Count: 32,000 VPD) just 1.25 miles west of the intersection with US Highway 41 (Traffic Count: 14,300 VPD) which provides direct access to Downtown Tampa (65 miles to the south). The property is also strategically situated immediately adjacent to a Chevrolet dealership and across Highway 44 from RaceTrac. Additionally, Outback Steakhouse is positioned within the area' s primary retail and commercial corridor with 2.4 MSF of retail within a 3-miles radius. Other major retailers with a presence in the immediate corridor include: Publix, Walmart Supercenter, Lowe' s, Bealls, Panera Bread, Mattress 1 One, AT&T, Hair Cuttery, Office Max, T.J. Maxx, Winn Dixie, Advance Auto Parts, CVS, Regions, Bank of America, Olive Garden, Ruby Tuesdays and Applebee' s among many others.