2701 E Central Texas Expy
Killeen, TX 76543
Outback Steakhouse: Killeen, TX · Retail Property For Sale

CBRE' S NET LEASE PROPERTY GROUP is pleased to exclusively offer a 6,189-square-foot freestanding Outback Steakhouse situated on 1.89 acres in Killen, TX, (Population: 140,806) which is within the Temple-Killeen-Ft Hood MSA (Population: 431,032). Killeen is located within 200 miles of every major market in Texas and borders Fort Hood, the largest military base in the world (Economic Impact: $35 Billion). 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 property is ideally situated with excellent visibility on the hard corner of Illinois Avenue and East Central Texas Expressway (Traffic Count: 83,000 VPD), the area' s primary east-west thoroughfare. Outback Steakhouse is also an outparcel to a Regal Cinemas along with Chili' s and Buffalo Wild Wings and is immediately adjacent to a shopping center anchored by Home Depot, Best Buy, Ross and dd' s Discounts. In addition, the property is just 0.4 miles from the 557,418-square foot Killeen Mall which is anchored by Dillard' s JCPenney, Sears, and Burlington Coat Factory. Other nearby retailers include Walmart Supercenter, HEB Plus!, Gander Mountain, Academy Sports, Kohl' s, Toys R Us, Aldi, PetSmart, Lowe' s Home Improvement and Hobby Lobby. The area is served by a critical mass of nearby hotels (1,500+ total rooms) which provide the restaurant with a substantial built-in customer base. With over 8.4 MSF of retail, 1.1 MSF of office, 1.0 MSF of industrial, and 7,994 multifamily units within a 3-mile radius, the property sits within Killeen' s premier retail and commercial corridor.