4902 N President George Bush Hwy
Garland, TX 75040
Outback Steakhouse: Garland, TX · Retail Property For Sale

CBRE' S NET LEASE PROPERTY GROUP is proud to offer for sale a 6,881-square-foot freestanding Outback Steakhouse situated on 1.70 acres in Garland, Texas. Located 25 miles northeast of Downtown Dallas (MSA Population: 7,102,796), Garland is the 12th-most populous city in the state of Texas and also serves as a popular bedroom community within the Dallas MSA. Outback Steakhouse' s new 20-year absolute NNN lease with 1.80% annual rent increases commenced in October 2016. This property 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. Outback Steakhouse is ideally located immediately off of President George Bush Turnpike (Traffic Count: 45,133 VPD), a 52-mile toll road running through the northern, northeastern and western suburbs, forming a partial loop around the MSA. The site is also within a mixed-use development that is also occupied by Olive Garden, On the Border, Holiday Inn, Chuck E. Cheese, Texas Roadhouse, and Navy Federal Credit Union among others. In addition, Outback is directly across from two major retail developments anchored by Walmart Supercenter, Sam' s Club, and Academy Sports; and Super Target, Michaels, PetSmart, and LA Fitness, respectively. In addition, the restaurant is just 1.5 miles west of the 1 MSF Firewheel Town Center, a Simon Mall, and is surrounded by several million square feet of national retail tenants such as Lowe' s, Home Depot, Chick-fil-A, Chase Bank, Chipotle, McDonalds, Capital One Bank, Wendy' s, Kroger, Kohl' s, Starbucks, Dick' s Sporting Goods, Dillards, Old Navy, DSW, AMC and Macy' s just to name a few. Furthermore, a critical mass of residential developments (37,800+ households within 3 miles) surround the site.