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Investment Highlights

  • Single-Tenant Outback Steakhouse Absolute NNN Ground Lease
  • 30-Year Successful Operating History at This Location (Since 1996)
  • 10% Rent Increases Every 5 Years
  • Outback Steakhouse (NASDAQ: BLMN) Is One of the Largest Casual-Dining Companies in the World With 675 U.S. Locations and 1,000 Restaurants
  • Executed a New 10-Year Lease in 2026, Demonstrating a Long-Term Commitment to the Location
  • Absolute NNN Ground Lease

Executive Summary

Single-Tenant Outback Steakhouse Absolute NNN Ground Lease | 30-Year Operating History; Recent 10-Year Lease Extension | Strong Reported Sales | Pad to Antelope Valley Mall; Only Enclosed Mall in the Region | 523,000 People in the Region; $137,000 AHHI within 1-Mile Radius

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,063 SF
Building Class
B
Year Built
1997
Price
$6,603,936 CAD
Price Per SF
$1,089.22 CAD
Cap Rate
5.50%
NOI
$363,216 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.08 AC
Zoning
PDRA
Parking
70 Spaces (10 Spaces per 1,000 SF Leased)

Amenities

  • Bus Line
  • Freeway Visibility

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Accommodation and Food Services
  • -
  • -
  • -

Outback Steakhouse est un restaurant de steakhouse d'inspiration australienne apprécié dans le monde entier. Ils sont fiers de servir de la variété ; leurs morceaux de steak imbattables sont complétés par de délicieux choix de poulet, de côtes levées, de fruits de mer et de pâtes à un prix pour tout le monde. Leur stratégie ? Ils sont les chefs de file du peloton en mettant constamment l'accent sur des plats délicieux de haute qualité offrant un environnement chaleureux et accueillant. Leurs portions généreuses sont à prix modéré. Leur atmosphère décontractée ne pourrait pas être plus transporteuse - c'est comme si vous étiez là dans l'Outback australien.

Tenant Industry SF Occupied Rent/SF Lease End
Accommodation and Food Services - - -
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100

Nearby Major Retailers

Starbucks
Red Robin
Surf City Squeeze
Hot Dog On A Stick
Claim Jumper Steakhouse & Bar
Yard House
Red Lobster
Olive Garden
Applebee's
El Torito

Property Taxes

Property Taxes

Parcel Number
3005-038-059
Land Assessment
$2,258,951 CAD
Improvements Assessment
$3,942,099 CAD
Total Assessment
$6,201,049 CAD
  • Listing ID: 39895522

  • Date on Market: 2026-03-24

  • Last Updated:

  • Address: 1061 W Rancho Vista Blvd, Palmdale, CA 93551

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