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Restaurant

Outback Steakhouse

3899 Arkwright Rd, Macon, GA 31210

Listing Price: $2,461,046

Cap Rate
5.30%
Tenant Name
Outback Steakhouse
Years Remaining On Lease
5.8
Gross SF
6,220
Guarantor
Corporate Guarantee
Rentable SF
6,220
Price/Gross SF
$395.67
Lease Type
Absolute Net
Rent Per Square Feet
$21.17

Investment Overview

Marcus & Millichap is please to exclusively offer a 6,200-square-feet freestanding, Absolute NNN, Bloomin' Brands guaranteed, Outback Steakhouse situated on 1.67 acres in North Macon Georgia, specifically located in the fashionable "Northside" submarket. The Macon MSA has a population of 233,000. The property has excellent frontage and access on Interstate I-75 (Traffic Count 54,700-VPD) and Arkwright Road (Traffic Count 22,200-VPD). The immediate area is target rich with prominent hospitality and retail which creates a strong synergy that encourages crossover shopping to the subject property. The 5-mile demographics are strong and includes 54,000 residents and 26,000 employees and an average household income of $84,522.00. * Super Conservative Rent-to-Sales of only 3.65% * Early Lease Renewal by Corporate Bloomin' Brands * Super Conservative, Low Annual Rent at $131,667 (Only $21.00 PSF) * 12% Next Rental Increase (2028) * Super-Low Asking Price at $2,461,000 -vs- Median Asking Price of $3,750,000 Nationally for Outback

Investment Highlights

  • Early Lease Renewal by Corporate Bloomin' Brands - 12% Next Increase (2028)
  • Super-Conservative, Low Annual Rent at $131,667 (Only $21.00 PSF)
  • Super-Low Asking Price at $2,461,000 -vs- Median Asking Price of $3,750,000 Nationally for Outback
  • Excellent Location with Interstate I-75 Visibility and Fashionable North Macon "Riverside" Submarket
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Strong Demographics In 5-mile Trade Area I $84,522 Average Household Income
  • Super-Conservative Rent-to-Sales of only 3.65%
  • Solid Investment with a VERY CONSERVATIVE rent structure.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Restaurant

Outback Steakhouse

Listing Price: $2,461,046

Cap Rate
5.30%
Tenant Name
Outback Steakhouse
Years Remaining On Lease
5.8
Gross SF
6,220
Guarantor
Corporate Guarantee
Rentable SF
6,220
Price/Gross SF
$395.67
Lease Type
Absolute Net
Rent Per Square Feet
$21.17

Investment Highlights

  • Early Lease Renewal by Corporate Bloomin' Brands - 12% Next Increase (2028)
  • Super-Conservative, Low Annual Rent at $131,667 (Only $21.00 PSF)
  • Super-Low Asking Price at $2,461,000 -vs- Median Asking Price of $3,750,000 Nationally for Outback
  • Excellent Location with Interstate I-75 Visibility and Fashionable North Macon "Riverside" Submarket
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Strong Demographics In 5-mile Trade Area I $84,522 Average Household Income
  • Super-Conservative Rent-to-Sales of only 3.65%
  • Solid Investment with a VERY CONSERVATIVE rent structure.

Investment Overview

Marcus & Millichap is please to exclusively offer a 6,200-square-feet freestanding, Absolute NNN, Bloomin' Brands guaranteed, Outback Steakhouse situated on 1.67 acres in North Macon Georgia, specifically located in the fashionable "Northside" submarket. The Macon MSA has a population of 233,000. The property has excellent frontage and access on Interstate I-75 (Traffic Count 54,700-VPD) and Arkwright Road (Traffic Count 22,200-VPD). The immediate area is target rich with prominent hospitality and retail which creates a strong synergy that encourages crossover shopping to the subject property. The 5-mile demographics are strong and includes 54,000 residents and 26,000 employees and an average household income of $84,522.00. * Super Conservative Rent-to-Sales of only 3.65% * Early Lease Renewal by Corporate Bloomin' Brands * Super Conservative, Low Annual Rent at $131,667 (Only $21.00 PSF) * 12% Next Rental Increase (2028) * Super-Low Asking Price at $2,461,000 -vs- Median Asking Price of $3,750,000 Nationally for Outback

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

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