Outback Ground Lease, Fort Worth, TX

6744 NW Loop 820 no-imageVIEW MAP

Property Information

Price: $3,880,000
Cap Rate: 5.0%
NOI: $194,000
Lease Term: 15 Years
Lease Type: Absolute NNN Ground Lease
Building Size: Approximately 4,694 Square Feet
Year Built: 2024
Status: Available
Lead Broker Information:

Randy Bell

bell@realcapitalinvestments.com

214-380-3670
Marketing Package

Property Description

Investment Highlights

  • Brand-New 15 Year Absolute NNN Ground Lease – Stable Cash Flow Asset – Zero Landlord Responsibilities – Four (5-Year) Options to Renew
  • 10% Rental Increases Every Year Throughout the Initial Term and Option Periods, Providing a Strong Hedge Against Inflation
  • Rare Corporately Guaranteed Lease by Bloomin’ Brands, Inc. – Founded in 1988, Bloomin’ Brands is the Parent Entity to Four Successful QSR Restaurant Concepts with a S&P Credit Rating of BB- – They Currently Operate More Than 1,480 Locations & Generated Over $4.6 Billion in Revenue in 2023
  • Outback Steakhouse is a Best in Class, Leading Full-Service Restaurant Tenant That Operates More Than 1,000 Locations in 23 Countries & Generated Over $1.98 Billion in Revenue in 2023
  • New Construction, Pride of Ownership Asset Featuring Outback’s Latest Prototype Design – a Modern and Aesthetically Pleasing Property
  • Intrinsic Value Asset – Large Format Restaurant at 4,694 Square Feet on a Sizeable 2.02 Acre Parcel Containing 105 Parking Spaces, Providing Outback with the Ability to Effectively Handle High Restaurant Volume
  • Densely Populated, Infill Location with Excellent Demographics – Over 171,000 People within a 5-Mile Radius of the Property with Average Household Income Exceeding $107,000 Annually
  • High Traffic Location – More Than 120,000 Vehicles Per Day on NW Loop 820 & Over 12,000 Vehicles Per Day on Nearby Quebec Street
  • Strategically Positioned Near Lake Worth Towne Crossing, a Target-Anchored Shopping Center That Brings Daily-Needs Consumers to the Trade Area – More Than 3.8 Million Visits to the Center During the Last Calendar Year
  • Tremendous Multi-Family Density with Over 18,000 Apartment Units in a 5-Mile Radius of the Property
  • Less Than 5-Miles from Lockheed Martin’s Aeronautics Headquarters That Employs More Than 18,700 People
  • Texas is an Income Tax Free State with a Strong Economy, Providing an Ideal Location for a 1031 Exchange Asset