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Restaurant

Outback Steakhouse

955 E Oak St, Conway, AR 72032

Listing Price: $2,974,000

Cap Rate
6.25%
Tenant Name
Outback Steakhouse
Years Remaining On Lease
6.4
Gross SF
6,497
Guarantor
Corporate Guarantee
Rentable SF
6,497
Price/Gross SF
$457.75
Lease Type
Ground Lease
Rent Per Square Feet
$28.61

Investment Overview

Marcus & Millichap is pleased to offer Outback Steakhouse for sale in Conway, Arkansas. The property is a relocation store, built in 2017, and building is 6,497 square feet on 1.47-acre land.

Conway’s strong community spirit, high-performing schools and colleges, family friendly recreation, and vibrant economy attract visitors, residents, and businesses to the city. It is this quality of life in Conway and the surrounding area that has made Faulkner County the 72nd fastest-growing county in the nation, out of 3,007 counties, according to the U.S. Census Bureau. Conway has three institutions of higher learning - the University of Central Arkansas, Central Baptist College, and Hendrix College - that produce graduates who choose to stay in the area and enter the workforce. As a result, nearly 40 percent of Conway’s adults have a post-secondary degree. This educational level is a boon to employers in all sectors, and Conway has a variety - manufacturing, education, health services, and technology and information services, to name a few. As of 2026 Q1, unemployment rate is 3.7% compared to 4.1% US, and Y-O-Y sales growth is 5.49% compared to 2.1% US. Job growth rate is HIGH compared to Stabilizing US.

Outback Steakhouse in high-growth city of Conway, Arkansas is a good fit for those that are looking for truly passive investment with the corporate guaranty from the publicly traded Bloomin’s Brands, Inc.

Investment Highlights

  • Conway is currently experiencing a significant wave of industrial and commercial expansion
  • Rare Corporate Guaranty from Bloomin' Brands, Inc. (NASDAQ: BLMN)
  • 2.5 Miles from University of Central Arkansas (11,700 Students)
  • 84,700 Daytime Employees in Trade Area
  • 578 Hotel Rooms within Walking Distance
  • Relocation Store Built in 2017
  • 6.5 Years Corporate Ground Lease Remaining

Exclusively Listed By

Broker of Record

  • Steve Greer

    Senior Director Investments

    (225) 376-6729

    License(s) AR: PB00098133

    Arkansas

Restaurant

Outback Steakhouse

Listing Price: $2,974,000

Cap Rate
6.25%
Tenant Name
Outback Steakhouse
Years Remaining On Lease
6.4
Gross SF
6,497
Guarantor
Corporate Guarantee
Rentable SF
6,497
Price/Gross SF
$457.75
Lease Type
Ground Lease
Rent Per Square Feet
$28.61

Investment Highlights

  • Conway is currently experiencing a significant wave of industrial and commercial expansion
  • Rare Corporate Guaranty from Bloomin' Brands, Inc. (NASDAQ: BLMN)
  • 2.5 Miles from University of Central Arkansas (11,700 Students)
  • 84,700 Daytime Employees in Trade Area
  • 578 Hotel Rooms within Walking Distance
  • Relocation Store Built in 2017
  • 6.5 Years Corporate Ground Lease Remaining

Investment Overview

Marcus & Millichap is pleased to offer Outback Steakhouse for sale in Conway, Arkansas. The property is a relocation store, built in 2017, and building is 6,497 square feet on 1.47-acre land. Conway’s strong community spirit, high-performing schools and colleges, family friendly recreation, and vibrant economy attract visitors, residents, and businesses to the city. It is this quality of life in Conway and the surrounding area that has made Faulkner County the 72nd fastest-growing county in the nation, out of 3,007 counties, according to the U.S. Census Bureau. Conway has three institutions of higher learning - the University of Central Arkansas, Central Baptist College, and Hendrix College - that produce graduates who choose to stay in the area and enter the workforce. As a result, nearly 40 percent of Conway’s adults have a post-secondary degree. This educational level is a boon to employers in all sectors, and Conway has a variety - manufacturing, education, health services, and technology and information services, to name a few. As of 2026 Q1, unemployment rate is 3.7% compared to 4.1% US, and Y-O-Y sales growth is 5.49% compared to 2.1% US. Job growth rate is HIGH compared to Stabilizing US. Outback Steakhouse in high-growth city of Conway, Arkansas is a good fit for those that are looking for truly passive investment with the corporate guaranty from the publicly traded Bloomin’s Brands, Inc.

Exclusively Listed By

Broker of Record

  • Steve Greer

    Senior Director Investments

    (225) 376-6729

    License(s): AR: PB00098133

    Arkansas

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