Log In/Sign Up
Your email has been sent.
7065 Commerce Center Dr
Colorado Springs, CO 80919
Outback Steakhouse | Abs NNN · Retail Property For Sale
Investment Highlights
- Over 18 Years Remaining | Rare Annual Increases |Options to Extend | Strong Sales | Franchisee Guaranteed by Cerca Trova
- Just Off Interstate 25 (143,000 VPD) | Excellent Visibility & Access |Freeway Pylon Sign | Nearby On/Off Ramp Access
- Strong Nearby National/Credit Tenants | Increase Consumer Draw |3-Miles from Chapel Hills Mall (1.1M SF of Retail)
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Surrounded by National Hotel Chains | Direct Consumer Base
- Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes
Executive Summary
SRS National Net Lease 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 Colorado Springs, Colorado. The tenant, Outback Steakhouse has over 18 years remaining on the initial lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features rare 2% annual rental increases throughout the initial term, steadily growing NOI and hedging against inflation. 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 US). The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,108 SF
Building Class
B
Year Built
1994
Price
$4,688,076 CAD
Price Per SF
$767.53 CAD
Cap Rate
5.75%
NOI
$269,574 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.41 AC
Zoning
PBC HS - Planned Business Center, Hillside
Parking
132 Spaces (21.61 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Freeway Visibility
- Restaurant
- Signage
- Monument Signage
Property Taxes
| Parcel Number | 63070-03-009 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $610,858 CAD |
Property Taxes
Parcel Number
63070-03-009
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$610,858 CAD
1 of 10
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
