Your email has been sent.
Outback Steakhouse Outback Steakhouse 6,115 SF Retail Building Saint Augustine, FL 32086 $4,420,000 ($722.81/SF) 5.75% Cap Rate
Investment Highlights
- Proven Long Term NNN Corp. Lease by Outback Steakhouse - Part of Bloomin Brands (NASDAQ: BLMN)
- Bloomin' Brands is one of Largest Casual Dining Companies in World - 1450+ Sites Worldwide
- Zero LL Duties - Corporate Backed Lease – Annual Rent Increases
- High Profile Site in Dense Retail Trade Corridor - Surrounded by Lowe’s, Home Depot, Walmart, ALDI
- Located on FL-312 (38,500 VPD) – Access from Dixie Hwy (41,900 VPD)
- 18+ Year of Operating History – 5.8 Lease Years Remaining
Executive Summary
The 6,115 SF building on a 1.72-acre parcel is located on Florida State Road 312 (38,5000 VPD) with great access from Dixie Highway (41,900 VPD) and is positioned in St. Augustine’s premier retail corridor with countless national retailers including Walmart Supercenter, Target, The Home Depot, Lowe’s Home Improvement, Walgreens, CVS, Publix, ALDI, Starbucks, McDonald’s, Chick-fil-A and more.
This is a wonderful opportunity to acquire an absolute NNN leased retail asset in St. Augustine’s busiest retail corridors with zero landlord responsibilities, annual rent increases, a corporate backed lease and strong demographics providing years of worry-free income.
Property Facts
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signalized Intersection
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- -
- -
-
Lorem Ipsum
-
Jan 0000
Outback Steakhouse is an Australian-themed American casual dining restaurant chain founded in 1988 in Tampa, Florida. The brand was established by restaurateurs Bob Basham, Trudy Cooper, Chris T. Sullivan, and Tim Gannon, who sought to create a relaxed restaurant environment with steakhouse offerings and bold flavors. Over time, Outback Steakhouse expanded nationwide and internationally, supported by a menu centered on seasoned steaks, chicken, seafood, and its signature Bloomin’ Onion. The company operates as part of Bloomin’ Brands, a publicly traded restaurant group based in Tampa. Throughout its history, Outback Steakhouse has undergone periods of remodeling and strategic adjustments, including recent operational changes to improve performance and streamline its dining model. The company navigated multiple expansions, closures, and brand updates while maintaining its identity as a casual dining destination. Outback Steakhouse remains a recognized name in the restaurant industry, known for its consistent menu themes and broad domestic presence. The brand continues to operate under Bloomin’ Brands, which trades on NASDAQ under the ticker symbol BLMN.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | - | - | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 135075-0060 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,228,611 |
Property Taxes
Presented by
Outback Steakhouse | Outback Steakhouse
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.