3585 Atlanta Hwy
Athens, GA 30606
Outback Steakhouse: Athens, GA · Retail Property For Sale

CBRE' S NET LEASE PROPERTY GROUP is pleased to exclusively offer a 7,957-square-foot freestanding Outback Steakhouse situated on 1.13 acres in Athens, Georgia (MSA Population: 203,189). Outback Steakhouse' s new 20-year absolute NNN lease with 1.80% annual rent increases recently 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. The site is ideally located with excellent access and visibility on Atlanta Highway (Traffic Count: 35,100 VPD), one of the area' s primary thoroughfares which leads to Downtown Athens (5 miles to the east) and Atlanta (65 miles to the west). Outback Steakhouse is also an outparcel to the 191,000-square-foot Clarke Crossing Shopping Center (Anchors: Academy Sports & Outdoors and Dollar Tree), sits immediately adjacent to Chick-fil-A and CVS, and is directly across from a Publix-anchored shopping center and caddy corner from the 141,000-square-foot Athens Promenade (Anchors: Barnes & Noble, Rugged Wearhouse, and Chuck E. Cheese' s). In addition, the property is within the area' s dominant retail and commercial corridor with 5 MSF of retail, 1.4 MSF of office, and 4,171 multifamily units within a 3-mile radius. The retail corridor is highlighted by the 673,138-square-foot Georgia Square Mall (Anchors: Macy' s, Belk, JC Penney, and Sears) which is less than 1 mile west of the site and other major retailers with a presence in the immediate vicinity include: Ingles Market, Big Lots, Target, Michaels, BB&T, SunTrust, Krispy Kreme and Aldi among many others.