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Outback Steakhouse | Ground Lease 3531 US-280 Hwy 4,694 SF Retail Building Phenix City, AL 36867 $3,800,000 ($809.54/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute Net Ground Lease | Zero landlord responsibilities
- Corporate guaranteed lease | Outback Steakhouse of Florida, LLC | 678+ locations nationwide
- Located inside of dense retail corridor | 1.4M SF within a 2-mile radius
- 2025 brand new construction | Fresh 12-year lease
- Close proximity to Walmart Supercenter | 99th percentile nationally and in Alabama on Placer.ai
- Large parcel | 2.11 acres
EXECUTIVE SUMMARY
Ransome Foose and Carl Brendes of Berkeley Capital Advisors are pleased to present for sale Outback Steakhouse Ground Lease in Phenix City, AL. We welcome your review of this attractive investment.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,694 SF
Building Class
C
Year Built
2025
Price
$3,800,000
Price Per SF
$809.54
Cap Rate
5%
NOI
$190,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
2.11 AC
Zoning
C - Commercial
Parking
116 Spaces (24.71 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 01-09-32-04-001-001.000 | Improvements Assessment | $3,850 |
| Land Assessment | $162,910 | Total Assessment | $166,760 |
PROPERTY TAXES
Parcel Number
01-09-32-04-001-001.000
Land Assessment
$162,910
Improvements Assessment
$3,850
Total Assessment
$166,760
CONTACTS
-
Ransome Foose -
Carl Brendes -
Quinn O'Donnell -
Matt Sagehorn -
Berkeley Capital Advisors
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Outback Steakhouse | Ground Lease | 3531 US-280 Hwy
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