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4680 Marigold Ave
Kissimmee, FL 34758
Outback Steakhouse · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- • Brand-new construction: 12-year corporate ground lease with 10% rent increases every 6 years during the primary term and 10% at each option.
- • Nearest Outback locations are over 10 miles away in all directions. This Outback has an extended drawing radius into Osceola and Polk counties.
- • Limited retail inventory, extreme demand, and removal of sales tax on rent have driven asking rent growth of 35% year-over-year.
- • Grocery-anchored outparcel to Sprouts, Ross, T.J. Maxx, Burlington, Petco, and Crunch Fitness, attracting over 732,000 visits in the last 3 months.
- • There is only 44 SF of retail per household in the 10-mile radius compared to 148 SF in Orlando and Lakeland MSAs.
- • Absolute NNN Lease: Tenant pays taxes, insurance, maintenance, and utilities directly with no Landlord management required.
EXECUTIVE SUMMARY
Colliers, as exclusive broker, is pleased to present the opportunity to acquire a brand new Outback Steakhouse in Kissimmee, FL—one of the fastest growing markets in the Orlando MSA. This 12-year corporate ground lease offers absolute NNN terms with zero landlord responsibilities, providing secure, passive income backed by Bloomin’ Brands. The lease includes 10% rent increases every six years during the initial term and at each of four (4) five-year renewal options, ensuring long-term cash flow growth.
Positioned north of the high-traffic intersection of Marigold Ave and Cypress Pkwy (67,500 VPD)—which has seen a 33% increase since 2020—Outback Steakhouse is an outparcel to Poinciana Lakes Plaza, a newly constructed power center that has attracted 732,000 visits in the last three months alone. The site benefits from proximity to major anchor tenants such as Sprouts, Ross, T.J. Maxx, Burlington, Petco, and Crunch, further driving foot traffic to Outback. The property is surrounded by a strong, high-income customer base, with over 85,000 residents within a five-mile radius (4% increase YoY) and an average household income of $93,000. With Osceola County’s population expected to grow 31% by 2040, this property offers a compelling, secure, and profitable investment opportunity.
Positioned north of the high-traffic intersection of Marigold Ave and Cypress Pkwy (67,500 VPD)—which has seen a 33% increase since 2020—Outback Steakhouse is an outparcel to Poinciana Lakes Plaza, a newly constructed power center that has attracted 732,000 visits in the last three months alone. The site benefits from proximity to major anchor tenants such as Sprouts, Ross, T.J. Maxx, Burlington, Petco, and Crunch, further driving foot traffic to Outback. The property is surrounded by a strong, high-income customer base, with over 85,000 residents within a five-mile radius (4% increase YoY) and an average household income of $93,000. With Osceola County’s population expected to grow 31% by 2040, this property offers a compelling, secure, and profitable investment opportunity.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Building Size
4,935 SF
Year Built
2025
Price
$3,505,000
Price Per SF
$710.23
Cap Rate
4.85%
NOI
$170,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.64 AC
Opportunity Zone
Yes
PROPERTY TAXES
| Parcel Number | 12-27-28-4732-0001-0050 | Improvements Assessment | $0 |
| Land Assessment | $1,250,200 | Total Assessment | $1,250,200 |
PROPERTY TAXES
Parcel Number
12-27-28-4732-0001-0050
Land Assessment
$1,250,200
Improvements Assessment
$0
Total Assessment
$1,250,200
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