3401 N Granville Ave
Muncie, IN 47303
Outback Steakhouse: Muncie, IN · Retail Property For Sale

CBRE' s NET LEASE PROPERTY GROUP is pleased to exclusively offer a 6,536-square-foot freestanding Outback Steakhouse situated on 0.23 acres in Muncie, Indiana (MSA Population: 116,852), which is located ±60 miles northeast of Indianapolis. At closing, Outback Steakhouse will execute a new 10-year absolute NNN lease with four 5-year options to renew and 1.00% annual rent increases. This property offers investors the opportunity to purchase a net leased asset leased on a long-term NNN basis to one of the country' s premier casual dining restaurant operators. The property is ideally situated with excellent visibility near the intersection of Broadway Avenue and McGalliard Road (Combined Traffic Count: 40,455). Outback Steakhouse is also situated on an outparcel to Muncie Mall, a 636,000-square-foot enclosed shopping mall 2.5 miles north of Downtown Muncie that is anchored by Sears, Macy' s and JCPenney. Additionally, the site is proximate to multiple power centers anchored by national tenants including Target, Kohl' s, Michael' s, Dick' s Sporting Goods and T.J. Maxx among others. In all, there are ±3.9 MSF of retail within a 3-mile radius.