Las Vegas, NV - Outback Steakhouse

Description:

SRS National Net Lease Group, LP 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 propertylocated in Las Vegas, Nevada. The location is operated by an experienced multi-unit Outback franchisee and has more than 5 years remaining, with 4 (5-year) options to extend. The lease features 1.0% annual increases, steadily growing NOI and hedging against inflation. 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 near the signalized intersection of S Las Vegas Boulevard and Warm Springs Road, which together see approximately 59,000 vehicles per day. The site has easy access to I-15 and the I-215 Beltway, which carry a combined 402,000 vehicles per day. The property is an outparcel to Simon’s Las Vegas South Premium Outlets, featuring 145+ name-brand stores. Nearby national tenants include Nike, Coach, Columbia, Chili’s, Chipotle, and more.

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Listing ID: a28TP000003g5RNYAY