Log In/Sign Up
Your email has been sent.
Outback Steakhouse | Abs NNN 7065 Commerce Center Dr 6,108 SF Retail Building Colorado Springs, CO 80919 $3,396,000 ($555.99/SF) 5.75% Cap Rate
Investment Highlights
- Over 18 Years Remaining | Rare Annual Increases |Options to Extend | Strong Sales | Franchisee Guaranteed by Cerca Trova
- Just Off Interstate 25 (143,000 VPD) | Excellent Visibility & Access |Freeway Pylon Sign | Nearby On/Off Ramp Access
- Strong Nearby National/Credit Tenants | Increase Consumer Draw |3-Miles from Chapel Hills Mall (1.1M SF of Retail)
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Surrounded by National Hotel Chains | Direct Consumer Base
- Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, freestanding, Outback Steakhouse investment property located in Colorado Springs, Colorado. The tenant, Outback Steakhouse has over 18 years remaining on the initial lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features rare 2% annual rental increases throughout the initial term, steadily growing NOI and hedging against inflation. The lease is franchisee guaranteed by Cerca Trova, an experienced Outback Steakhouse Franchisee operator, with over 100 Outback locations across the western United States (approx. 15% of all Outback locations in the US). The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,108 SF
Building Class
B
Year Built
1994
Price
$3,396,000
Price Per SF
$555.99
Cap Rate
5.75%
NOI
$195,277
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.41 AC
Zoning
PBC HS - Planned Business Center, Hillside
Parking
132 Spaces (21.61 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Freeway Visibility
- Restaurant
- Signage
- Monument Signage
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 63070-03-009 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $442,500 |
Property Taxes
Parcel Number
63070-03-009
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$442,500
1 of 10
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Outback Steakhouse | Abs NNN | 7065 Commerce Center Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.