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Investment Highlights

  • Conway is currently experiencing a significant wave of industrial and commercial expansion
  • 2.5 Miles from University of Central Arkansas (11,700 Students)
  • 578 Hotel Rooms within Walking Distance
  • Rare Corporate Guaranty from Bloomin' Brands, Inc. (NASDAQ: BLMN)
  • 84,700 Daytime Employees in Trade Area
  • 6.5 Years Corporate Ground Lease Remaining

Executive Summary

Marcus & Millichap is pleased to offer Outback Steakhouse for sale in Conway, Arkansas. The property is a relocation store, built in 2017, and building is 6,497 square feet on 1.47-acre land.
Conway’s strong community spirit, high-performing schools and colleges, family friendly recreation, and vibrant economy attract visitors, residents, and businesses to the city. It is this quality of life in Conway and the surrounding area that has made Faulkner County the 72nd fastest-growing county in the nation, out of 3,007 counties, according to the U.S. Census Bureau. Conway has three institutions of higher learning - the University of Central Arkansas, Central Baptist College, and Hendrix College - that produce graduates who choose to stay in the area and enter the workforce. As a result, nearly 40 percent of Conway’s adults have a post-secondary degree. This educational level is a boon to employers in all sectors, and Conway has a variety - manufacturing, education, health services, and technology and information services, to name a few. As of 2026 Q1, unemployment rate is 3.7% compared to 4.1% US, and Y-O-Y sales growth is 5.49% compared to 2.1% US. Job growth rate is HIGH compared to Stabilizing US.
Outback Steakhouse in high-growth city of Conway, Arkansas is a good fit for those that are looking for truly passive investment with the corporate guaranty from the publicly traded Bloomin’s Brands, Inc.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,497 SF
Building Class
B
Year Built
2017
Price
$4,038,692 CAD
Price Per SF
$621.62 CAD
Cap Rate
6.25%
NOI
$252,447 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.47 AC
Fairly walkable
40/100
Exceptionally drivable
100/100

Nearby Major Retailers

7 Brew Coffee
Starbucks
TGI Fridays
Freddy's Frozen Custard & Steakburgers
Waffle House
Golden Corral
First Security Bank
Bank OZK
Olive Garden
Buffalo Wild Wings

Property Taxes

Property Taxes

Parcel Number
710-07987-002
Land Assessment
$192,561 CAD
Improvements Assessment
$405,721 CAD
Total Assessment
$598,282 CAD
  • Listing ID: 40215189

  • Date on Market: 2026-04-20

  • Last Updated:

  • Address: 955 E Oak St, Conway, AR 72032

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