Sanford, FL - Outback Steakhouse

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in an Absolute NNN leased, corporate guaranteed Outback Steakhouse investment property located in Sanford, Florida. The tenant has more than 5 years remaining on its current 15-year lease, with 4 (5-year) options to extend. The lease features 1.0% annual increases throughout the base term and first three options, steadily growing NOI and hedging against inflation. In the fourth option, the rent adjusts to fair market value with 1.0% annual increases, allowing the landlord to capture future rent growth. The tenant is responsible for taxes, insurance, and property maintenance, and the landlord has zero responsibilities. That makes this an ideal, passive, management-free investment.

The subject property is strategically positioned just off the I-4 and State Road 46 interchange, which sees a combined 185,000 vehicles per day. Interstate 4 provides direct access to Orlando and Daytona Beach. The site benefits from excellent visibility and multiple points of ingress and egress. The immediate area is a dense retail and commercial node featuring national tenants such as Walmart Supercenter, Best Buy, Dillard’s, Dick’s, Floor & Decor, and Michaels.

---

Report Listing This listing was syndicated through:

Listing ID: a28TP000003g5rBYAQ