501 N New Hope Rd
Gastonia, NC 28054
Outback Steakhouse | Gastonia, NC · Retail Property For Sale

CBRE' S NET LEASE PROPERTY GROUP is pleased to exclusively of fer a 10,039-square-foot freestanding Outback Steakhouse on 2.13 acres in Gastonia, North Carolina. Situated just 19 miles west of Charlotte (MSA population: 2.4 million), Gastonia (Population: ±74,500) is the county seat of Gaston county and the second largest satellite city in the Charlotte area. The property is ideally located on New Hope Road (Traffic Count: 20,000 VPD) and just off of Interstate 85 (Traffic Count: 84,000 VPD) which provides direct access to Charlotte. Outback Steakhouse is also adjacent to KFC, Bojangles, and CarMax, and is situated just 0.5 miles north of Eastridge Mall, a 920,000-square-foot regional mall anchored by Belk, Dillard' s, and JCPenney. The property is also situated within the area' s premier retail corridor (7.6 MSF of retail space within 3 miles) and benefits from strong demographics (3-mile Population: 48,193; 3-mile Average Household Income: $50,087). At closing, Outback Steakhouse will execute a new 15-year absolute NNN lease with 1.00% annual rent increases. This investment offers investors the opportunity purchase a net leased asset leased on a long-term NNN basis. Gastonia, the 13th largest city in North Carolina covering over 50 square miles, is the largest city and the county seat of Gaston County, North Carolina. Due to its proximity to Charlotte and its strategic location off Interstate 85 between Atlanta (215 miles) and North Carolina' s Research Triangle in Winston-Salem (95 miles), Gastonia has emerged as an attractive destination for both businesses and new residents. Since 2000, the city experienced an 8.6% increase in new residents to its current level of more than 74,000 people.