3110 E 36th St
Joplin, MO 64804
Outback Steakhouse: Joplin, MO · Retail Property For Sale

THE CBRE NET LEASE PROPERTY GROUP is pleased to exclusively offer for sale a 6,205-square-foot freestanding Outback Steakhouse situated on 1.52 acres in Joplin, MO. Outback Steakhouse' s new 20-year absolute NNN lease with 1.80% annual rent increases 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. Located approximately 70 miles west of Springfield, MO near the intersection of the Kansas, Missouri, and Oklahoma borders, Joplin (Population at 50,150) is the 13th-largest city in Missouri. Outback Steakhouse is ideally located on East 36th Street adjacent to Sam' s Club, Hampton Inn, Drury Inn, Steak n Shake and Olive Garden, just 0.4 miles north of Interstate 44 (Traffic Count: 25,522 VPD). The property is also strategically situated within the area' s dominant retail and commercial corridor, with more than 5.1 MSF of retail, 1.2 MSF of office, 1.3 MSF of industrial and 1,769 multifamily units within a 3-mile radius. Other national retail tenants in the immediate vicinity include Lowe' s Home Improvement, The Home Depot, Walmart Supercenter, Hobby Lobby, Academy Sports & Outdoors, ALDI, Sutherlands, Target, Walgreens, IHOP, Office Depot, Golden Corral, Arby' s, Popeye' s and Chick-fil-A among many others. The property also benefits from close proximity to numerous hotels in addition to the two hotels adjacent to the site including Comfort Inn & Suites, Residence Inn, Fairfield Inn, Best Western, La Quinta Inn, Econo Lodge Inn, Motel 6, Homewood Suites and Hilton Garden Inn.