9600 US Highway 441
Leesburg, FL 34788
Outback Steakhouse | Orlando, FL MSA · Retail Property For Sale

CBRE' S NET LEASE PROPERTY GROUP is pleased to exclusively of fer a 6,218-square-foot freestanding Outback Steakhouse on 1.58 acres in Leesburg, FL. Several major highways pass through Leesburg, including U.S. Highway 27, U.S. Highway 441 and S.R. 44. The property is ideally located with excellent frontage and visibility off of US Highway 441 with Lake Sumpter State College located just 0.2 miles from the property. The Subject Property is surrounded by several national retailers with names such as Cracker Barrel, Ruby Tuesday, Hampton Inn & Suites, Dunkin' Donuts, and Lowe' s to name a few. 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 to one of the country' s premier casual dining restaurant operators. The Orlando Kissimmee Sanford, Florida Metropolitan Statistical Area, is a metropolitan area in the central region of the U.S. state of Florida. Its principal cities are Orlando, Kissimmee and Sanford. According to the 2010 U.S. Census, the population of Greater Orlando is 2,134,411, an increase of 51,990 new residents between 2009 and 2010. By population, it is the third-largest metropolitan area in Florida, the fifth-largest in the southeastern United States, and the 26th largest in the United States. The MSA encompasses 4,012 square miles (10,400 km2) of total area (both land and water areas).