740 US-130 Hwy
Hamilton, NJ 08691
Outback Steakhouse · Retail Property For Sale

CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE this 6,350-square-foot freestanding Outback Steakhouse situated on 2.30 acres in Hamilton, New Jersey. Within the New York City MSA, Hamilton is located immediately east of Trenton and is approximately 60 miles southwest of New York City and 40 miles northeast of Philadelphia. Outback Steakhouse currently has 9 years remaining in its initial 10 year lease with four, five year options to renew. This is a NNN lease with no landlord responsibilities and attractive 1% annual rental increases. The lease is corporately guaranteed by Bloomin' Brands, one of the world's largest casual dining restaurant companies, rated BB by Standard & Poor's. This investment offers investors the opportunity to purchase a net leased asset leased on a long-term NNN basis to one of the country’s premier casual dining restaurant operators.The property is ideally situated with excellent visibility on Klockner Road (Traffic Count:17,934 VPD) just north of its intersection with US-130 (Traffic Count: 30,867 VPD). Additionally, the site is just 1.0 miles southwest of I-195 (74,733 VPD), which intersects with the New Jersey Turnpike less than 3.0 miles to the east. Outback Steakhouse is also an outparcel to a shopping center that is anchored by The Home Depot and also occupied by Wendy’s and Valet Auto Wash. Nearby hotels providing a built-in customer base include a brand new Marriot Residence Inn (120 Rooms), Homewood Suites by Hilton (110 Rooms) and Hilton Garden Inn (105 rooms). The property also benefits from its position at the heart of Hamilton’s premier retail and commercial corridor, with over 3.4 MSF of retail, 2.7 MSF of office and 3.9 MSF of industrial within a 3-mile radius.