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Outback Steakhouse - Cullman, AL 727 2nd Ave NW 4,936 SF Retail Building Cullman, AL 35055 $4,782,422 CAD ($968.89 CAD/SF) 5.40% Cap Rate
INVESTMENT HIGHLIGHTS
- CORPORATE NET LEASE
- INFLATION HEDGE
- HARD-CORNER AT SIGNALIZED INTERSECTION
- GLOBALLY RECOGNIZED BRAND
- PASSIVE OWNERSHIP
- HIGH PROFILE LOCATION
EXECUTIVE SUMMARY
Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of this brand new Outback Steakhouse in Cullman, AL. The investment opportunity features a 15-year corporate backed ground lease with 10% rental increases every 5 years and four (4) 5-year options. Outback is scheduled to open for business December 3, 2025.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,936 SF
Building Class
B
Year Built
2025
Price
$4,782,422 CAD
Price Per SF
$968.89 CAD
Cap Rate
5.40%
NOI
$258,245 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.48 AC
Opportunity Zone
Yes
Frontage
298’ on Loring Street Northwest
NEARBY MAJOR RETAILERS
1 of 5
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Outback Steakhouse - Cullman, AL | 727 2nd Ave NW
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