3903 Towne Crossing Blvd
Mesquite, TX 75150
Outback Steakhouse: Mesquite, TX · Retail Property For Sale

The CBRE Net Lease Property Group is please to exclusively offer a 6,900-square-foot freestanding Outback Steakhouse situated on 1.55 acres in Mesquite, TX which is a densely populated suburban community located within the Dallas-Fort Worth-Arlington MSA (Population: 7.10 million). The property is ideally located with excellent frontage and access on Lyndon B Johnson Freeway / I-635 (Traffic Count: 196,519 VPD) and just off I-30 (Traffic Count: 107,989 VPD) which provides access to Downtown Dallas (11.2 miles to the southwest). Outback is situated immediately adjacent to Hooters and El Frenix Mexican Restaurant and Outback benefits from its location within the area’s dominant retail and commercial corridor, which is highlighted by the 1.22 MSF Town East Mall (Anchors: Dick’s Sporting Goods, Dillard’s, JCPenney, Macy’s, Sears) and features 10.9 MSF of retail, 1.2 MSF of office, 5.5 MSF of industrial and 19,342 multifamily units within a 3-mile radius. Other major retailers with a presence in the immediate vicinity include Walmart Neighborhood Market, Lowe’s Home Improvement, Target, The Home Depot, Kohl’s, Hobby Lobby, Burlington Coat Factory, Floor & Décor, Ashley Homestore, Harbor Freight Tools, PetSmart, Ross Dress for Less, Old Navy, Olive Garden, Red Lobster, TGI Friday’s and O’Reilly Auto Parts, among many others. In addition, the property benefits from infill demographics with a population of 135,052 and an average household income of $60,944 within a 3-mile radius. Evidencing its continued commitment to the site, Outback completed an exterior remodel in March of 2017. At closing, Outback Steakhouse will execute a new 15-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 well-located net-leased asset leased on a long-term NNN basis to one of the country’s premier casual dining restaurant operators.