15 Springer Dr
Highlands Ranch, CO 80129
Outback Steakhouse | Abs NNN · Retail Property For Sale

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, freestanding, Outback Steakhouse investment property located in Highlands Ranch, CO. The tenant ,Outback Steakhouse has over 18 years remaining on the initial lease with 3 (5-year) option periods to extend, demonstrating a long term commitment to the site. The lease features rare 2% annual rental increases throughout the initial term, generating healthy NOI growth. The lease is franchisee guaranteed by Cerca Trova, an experienced Outback Steakhouse Franchisee operator with over 100 Outback locations across the western United States (approx. 15% of all Outback locations in the U.S.). The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment for an out-of-state, passive investor.