Outback Steakhouse | Abs NNN 3645 S Virginia St 6,090 SF Retail Building Reno, NV 89502 $3,968,000 ($651.56/SF) 5.50% Cap Rate

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land and building) in an absolute NNN, freestanding, Outback Steakhouse investment property located in Reno, NV. The tenant, Outback Steakhouse, has over 18 years remaining on the initial lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features rare 2% annual rental increases throughout the initial term, steadily growing NOI and hedging against inflation. The lease is franchisee guaranteed by Cerca Trova, an experienced Outback Steakhouse Franchisee operator, with over 100 Outback locations across the western United States (approx. 15% of all Outback locations in the US). The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor.