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Outback Steakhouse | Ground Lease 3531 US-280 Hwy 4,694 SF Retail Building Phenix City, AL 36867 $5,233,778 CAD ($1,114.99 CAD/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- 2025 brand new construction | Fresh 12-year lease
- Corporate guaranteed lease | Outback Steakhouse of Florida, LLC | 678+ locations nationwide
- Close proximity to Walmart Supercenter | 99th percentile nationally and in Alabama on Placer.ai
- Absolute Net Ground Lease | Zero landlord responsibilities
- Great visibility from US Hwy 280 N | 38,704 VPD
- Strong population growth within a 3-mile radius | 14.35% from 2010-2025
EXECUTIVE SUMMARY
Ransome Foose and Carl Brendes of Berkeley Capital Advisors are pleased to present for sale Outback Steakhouse Ground Lease in Phenix City, AL. We welcome your review of this attractive investment.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,694 SF
Building Class
C
Year Built
2025
Price
$5,233,778 CAD
Price Per SF
$1,114.99 CAD
Cap Rate
5%
NOI
$261,689 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
2.11 AC
Zoning
C - Commercial
Parking
116 Spaces (24.71 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 01-09-32-04-001-001.000 | Improvements Assessment | $5,404 CAD |
| Land Assessment | $228,687 CAD | Total Assessment | $234,091 CAD |
PROPERTY TAXES
Parcel Number
01-09-32-04-001-001.000
Land Assessment
$228,687 CAD
Improvements Assessment
$5,404 CAD
Total Assessment
$234,091 CAD
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Outback Steakhouse | Ground Lease | 3531 US-280 Hwy
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