Arsenal Real Estate Advisors is pleased to present the opportunity to acquire a newly constructed Outback Steakhouse located at 18600 FL-54 in Lutz, Florida, within the rapidly growing Tampa MSA. The property is subject to a 15-year NNN ground lease with approximately 14 years remaining, 10% rent increases every five years, and zero landlord responsibilities, providing investors with long-term passive income backed by one of the nation’s most established casual dining brands.

Built in 2025 featuring Outback Steakhouse’s newest store design, the property occupies approximately 1.23 acres at a signalized location along State Road 54, which carries more than 67,000 vehicles per day. The site is surrounded by a strong lineup of national retailers and restaurants including CAVA, McDonald’s, Bojangles, Dutch Bros, Walgreens, Fifth Third Bank, and Publix.

The property benefits from affluent and rapidly expanding demographics, with approximately 98,500 residents within five miles and an average household income exceeding $130,000. The surrounding area is positioned for continued growth, highlighted by the nearby 775-acre Speros FL innovation campus anchored by Moffitt Cancer Center, a major long-term investment expected to drive additional healthcare, research, employment, and residential growth throughout the corridor. Outback Steakhouse is the flagship concept of Tampa-based Bloomin’ Brands, Inc. (NASDAQ: BLMN), a publicly traded restaurant company with more than 1,000 locations worldwide.