11756 US-70 BUSClayton, NC 27520
Outback Steakhouse | Raleigh, NC MSA
FRONTING BUSY US 70 BUS W (40,500) | STRONG CREDIT TENANT
Overview
Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of Outback Steakhouse in Clayton, NC. The Premises is ground leased to Outback Steakhouse for 15 year initial term with four (4) - five (5) year options. The Asset is well positioned on the main commuter and retail corridors in Clayton, NC and is adjacent to hundreds of apartments and industrial employers, which provides for a built-in customer base.
Investment Highlights
ATTRACTIVE LEASE FUNDAMENTALS
- New 15 year Abs. NNN Ground Lease
- 10% rent increases every 5 years
- No Landlord responsibilities
GLOBALLY RECOGNIZED BRAND
- Outback Steakhouse has over 1,300 locations in 23 countries throughout North and South America, Asia, and Australia
- Outback is a subsidiary of Bloomin’ Brands Restaurant Group
- Bloomin’ Brands reported over $4.4 billion in revenue
A TOP PERFORMING MARKET NATIONALLY
- Raleigh, NC ranked #3 in 2023 of best residential markets (Rocket Mortgage)
- Raleigh forecasts a 44% job growth over the next 10 years (3.0% growth from 2021 to 2022)
- Raleigh ranked #3 in best places to live for 2023-2024 (U.S. News)
POSITIONED ON A RETAIL CORRIDOR
- Over 627KSF of retail space located in a 1-mile radius
- Nearby National Retailers include: Lowes Foods, Walmart Super Center, Bojangles, Biscuitville, Arby’s, Dairy Queen and Culvers
HIGHLY VISIBLE AND TRAFFICKED LOCATION
- Fronting US 70 BUS Hwy W (40,500 VPD)
- Direct Access to Cameron Crossing, a 200 unit townhome community
- Less than quarter mile to Stalling Mills, a 288 unit apartment complex
NEW CONSTRUCTION
- Newly built Outback, building being constructed by Tenant with newest restaurant prototype
Photo Gallery
11756 US-70 BUSClayton, NC 27520
Sales Team
Atlantic Capital Partners - Charlotte
Listing provided by Revere CRE