2315 Post Dr
Indianapolis, IN 46219
Outback Steakhouse: Indianapolis, IN · Retail Property For Sale

CBRE' S NET LEASE PROPERTY GROUP is pleased to exclusively offer a 6,125-square-foot freestanding Outback Steakhouse situated on 1.95 acres in Indianapolis, IN (MSA Population: 1,988,817). Outback Steakhouse' s new 20-year absolute NNN lease with 1.80% annual rent increases commenced in October 2016. 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 site is ideally located within a retail and hospitality development on Post Drive with excellent visibility from Interstate 70 (Traffic Count: 60,520 VPD), which provides direct access to downtown Indianapolis (10 miles to the west). The Outback Steakhouse is also positioned just one mile east of Interstate 70' s intersection with Interstate 465 (Traffic Count: 167,670 VPD), which is the primary ring highway that encircles the Indianapolis MSA. The immediate development is anchored by Lowe' s Home Improvement and also features Cracker Barrel, Steak n Sheak, Wendy' s, Denny' s, LaQuinta Inn and InTown Suites among others. Outback Steakhouse also benefits from its position within a major retail and commercial corridor with more than 8.6 MSF of retail, 1.6 MSF of office, 23.9 MSF of industrial space and 13,519 multifamily housing units within a 3-mile radius of the subject property. The abundance of industrial employment centers and high population density surrounding the property also combine to provide the restaurant with a substantial built-in customer base.