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Outback Steakhouse 560 US 80 hwy 4,694 SF Retail Building Forney, TX 75126 $3,364,485 ($716.76/SF) 5.35% Cap Rate
Investment Highlights
- 2024 Construction. 4,694+/- SF Building on 1.36+/- Acre Site
- Anchored by Kroger (Ranked #6, Top 3% in TX & #25, Top 2% in U.S.), Walmart Supercenter (2M+ Visitors/Yr), & Near Many Other National Brands
- National Credit Tenant: Outback Steakhouse Operates Under Bloomin’ Brands, Inc.: ,450+ Stores Worldwide & $4.5B+ in Revenue
- Located Along U.S. Highway 80 (56,000+ VPD), Primary East–West Arterial Connecting Forney Directly to Downtown Dallas (~18 Miles)
- Near The Villages at Gateway, a ±120-AC Retail Development Anchored by Home Depot, H-E-B (131,000 SF), Target, & More
- Forney | One of the Fastest-Growing Cities in Texas & DFW MSA | Population: 38,532+; MSA: 8.3M+
Executive Summary
10-Year Ground Lease with 10% Rental Increases Every 5 Years, In Primary Term & Options, Plus (4), 5-Year Options to Renew
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,694 SF
Building Class
C
Year Built
2024
Price
$3,364,485
Price Per SF
$716.76
Cap Rate
5.35%
NOI
$180,075
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.36 AC
Amenities
- Security System
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 240897 | Improvements Assessment | $376,851 |
| Land Assessment | $1,069,485 | Total Assessment | $1,446,336 |
Property Taxes
Parcel Number
240897
Land Assessment
$1,069,485
Improvements Assessment
$376,851
Total Assessment
$1,446,336
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Outback Steakhouse | 560 US 80 hwy
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