Raleigh, NC Outback Steakhouse

Property Highlights

• Long Term Ground Lease – 15 year ground lease with 10% increases every 5 years | 4-(5) Five year options to renew
• Brand New Construction – Delivered in Q2 2020
• Source of Passive Income – Absolute Net Ground Lease with no Landlord Responsibilities
• Strong Lease Guarantor – Bloomin’ Brands is one of the world’s largest casual dining companies with approximately 93,000 employees and 1,450+ restaurants worldwide
• Brand Recognition – Outback Steakhouse has been operating since 1988 with over 1,000 locations in 46 states
• Tenant Commitment to Site – Outback self-funded the high-quality, ground-up construction at this location
• Strategic Location – Located in heart of major Raleigh retail corridor with national retailers including Walmart, Home Depot, Petsmart, and the Triangle Town Center Mall anchored by Macy’s and Belk
• Robust Traffic Counts- Capital Blvd (50,500 VPD) and Spring Forest Road (19,000 VPD)
• Dense Trade Area – 3 Mile Population of 86,734 | 5 Mile population of 205,151