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Outback Steakhouse | Ground Lease 535 Dr. Calvin Jones Hwy 4,694 SF Retail Building Wake Forest, NC 27587 $3,810,000 ($811.67/SF) 5.25% Cap Rate
Investment Highlights
- Absolute net ground lease | No landlord responsibilities | Desirable lease term | New 15-year term
- Strategic Location | Property is located directly across from Wegmans and adjacent to a new retail development
- Explosive population growth within 1-mile | 75.12% from ’10-‘25
- Corporate Parent | Tenant is operated by Bloomin’ Brands, Inc. | A publicly traded restaurant operator with approximately 1,450 locations nationwide
- Great visibility from Dr. Calvin Jones Hwy | 31,000 VPD
- Affluent surrounding area | $137,312 average household income within a 1-mile radius
Executive Summary
Carl Brendes and Ransome Foose of Berkeley Capital Advisors are pleased to present for sale Outback Steakhouse Ground Lease in Wake Forest, NC. We welcome your review of this attractive investment.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,694 SF
Building Class
B
Year Built
2026
Price
$3,810,000
Price Per SF
$811.67
Cap Rate
5.25%
NOI
$200,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.09 AC
Zoning
Commecial
Parking
31 Spaces (6.6 Spaces per 1,000 SF Leased)
Fairly walkable
40/100
Exceptionally drivable
100/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1830.12-87-8039-000 | Improvements Assessment | $0 |
| Land Assessment | $381,739 | Total Assessment | $381,739 |
Property Taxes
Parcel Number
1830.12-87-8039-000
Land Assessment
$381,739
Improvements Assessment
$0
Total Assessment
$381,739
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Outback Steakhouse | Ground Lease | 535 Dr. Calvin Jones Hwy
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