4905 Commercial Way
Spring Hill, FL 34606
Outback Steakhouse | Spring Hill, FL · Retail Property For Sale

CBRE' S NET LEASE PROPERTY GROUP is pleased to exclusively of fer a 6,536-square-foot freestanding Outback Steakhouse on 1.95 acres in Spring Hill, Florida (Population: 98,621). Spring Hill is located near the west coast of Florida; 90 miles west of Orlando and 50 miles north of Tampa. Spring Hill is the largest community in Hernando County, which has a total population of approximately 172,778. In 2005, Hernando County was the 35th fastest-growing county in the U.S. The property is ideally located with excellent frontage and visibility on Commercial Way which sees traffic counts of 42,000 vehicles per day. The property is ideally located in the prominent retail corridor of Spring Hill, surrounded by national retail tenants including Target, Lowe' s, Starbucks, Home Depot, Goodwill, Walgreens, U-Haul, Wells Fargo, and Staples to name a few. The property benefits from strong demographics with a population of 6,148 in the 1-mile radius, 34,160 in the 3-mile radius, and 89,212 in the 5-mile radius. At closing, Outback Steakhouse will execute a new 15-year absolute NNN lease with 1.00% annual rent increases. This investment offers investors an excellent opportunity to acquire a net lease Spring Hill is located near the west coast of Florida; 90 miles west of Orlando and 50 miles north of Tampa. Spring Hill is known for the nearby tourist attraction Weeki Wachee Springs, which hosts a famous live mermaid show. Buccaneer Bay is another local attraction, which is Florida' s only spring-fed water park. Pasco- Hernando State College recently built a new 100,000 square-foot campus in Spring Hills, which now accompanies the four other campus locations in Florida.