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Outback Steakhouse | Ground Lease 535 Dr. Calvin Jones Hwy 4,694 SF Retail Building Wake Forest, NC 27587 $5,183,543 CAD ($1,104.29 CAD/SF) 5.25% Cap Rate
Investment Highlights
- Absolute net ground lease | No landlord responsibilities | Desirable lease term | New 15-year term
- Strategic Location | Property is located directly across from Wegmans and adjacent to a new retail development
- Explosive population growth within 1-mile | 75.12% from ’10-‘25
- Corporate Parent | Tenant is operated by Bloomin’ Brands, Inc. | A publicly traded restaurant operator with approximately 1,450 locations nationwide
- Great visibility from Dr. Calvin Jones Hwy | 31,000 VPD
- Affluent surrounding area | $137,312 average household income within a 1-mile radius
Executive Summary
Carl Brendes and Ransome Foose of Berkeley Capital Advisors are pleased to present for sale Outback Steakhouse Ground Lease in Wake Forest, NC. 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
Building Size
4,694 SF
Building Class
B
Year Built
2026
Price
$5,183,543 CAD
Price Per SF
$1,104.29 CAD
Cap Rate
5.25%
NOI
$272,102 CAD
Tenancy
Single
Building Height
1 Story
Zoning
Commecial
Parking
31 Spaces (6.6 Spaces per 1,000 SF Leased)
Fairly walkable
40/100
Exceptionally drivable
100/100
Nearby Major Retailers
1 of 6
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Outback Steakhouse | Ground Lease | 535 Dr. Calvin Jones Hwy
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