2735 Longpine Rd
Burlington, NC 27215
Outback Steakhouse: Burlington, NC · Retail Property For Sale

CBRE’S Net Lease Property Group is pleased to offer a 6,163-square-foot freestanding Outback Steakhouse built in 1997 situated on 1.62 acres in Burlington, NC. Burlington is the principal city of the Burlington, North Carolina MSA (Population: 162,391) and is home to hundreds of amenities and numerous educational institutions. Outback Steakhouse is ideally positioned directly off Interstate 85 (Traffic Count: 128,000 VPD) on Longpine Road, a major commercial corridor with 2.6 MSF of office, 15.7 MSF of industrial, 8.0 MSF of retail and 5,700 multifamily units within 5 miles. Outback Steakhouse is also surrounded by a plethora of national retailers which include AT&T, IHOP, Hardee’s, Waffle House, Wendy’s, Dominos, Pizza Hut, Walgreen’s, Taco Bell and Starbucks. Moreover, the area is well populated with 76,000 people with an average household income of $64,557 within 5 miles. Burlington’s second largest employer, Cone Health Alamance Regional Medical Center (238 beds) and a myriad of surrounding medical office developments, are located just southwest of Outback Steakhouse, providing the restaurant with a strong built-in customer base. The Alamance Country Club, Burlington City Park Amusement Area, Alamance Memorial Park, Joe C. Davidson Park, Elon University, and Burlington Springwood Park all are also proximate to the site. Demonstrating its long-term commitment to this location, Outback recently completed an exterior remodel in April of 2017. At closing, Outback Steakhouse will execute a new 15-year absolute NNN lease with 1.00% annual rent increases.