3601 Raleigh Road Pky W - Restaurant FOR SALE


Wilson, NC 27896
$3,619,000 USD
704-697-1900
3601 Raleigh Road Pky W, Wilson, NC for Sale
$3,619,000 USD
Restaurant - FOR SALE
1/5
null | 5.25% Cap Rate

3601 Raleigh Road Pky W
Wilson, NC 27896


HIGHLIGHTS

  • ATTRACTIVE LEASE FUNDAMENTALS
  • HIGHLY VISIBLE AND TRAFFICKED LOCATION IN RALEIGH MSA
  • GLOBALLY RECOGNIZED BRAND

OVERVIEW

ATTRACTIVE LEASE FUNDAMENTALS - New 15 year Abs. NNN Ground Lease - 10% rent increases every 5 years - Four (4) renewal options of five (5) years each - No Landlord Responsibilities GLOBALLY RECOGNIZED BRAND - Outback Steakhouse has over 1,300 locations in 23 countries throughout North and South America, Asia, and Australia - Outback is a subsidiary of Bloomin’ Brands Restaurant Group - Bloomin’ Brands reported over $4.4 billion in revenue WILSON, NC - A MANUFACTURING HUB - Wilson, NC has over 90 different manufacturers - Approximately $134M of capital was spent on either expanding or developing manufacturing facilities in 2022, bringing approximately 190 jobs - Subject site is located less than 8 miles from Bridgestone America’s manufacturing facility, which employs over 1,700 people POSITIONED IN DOMINANT RETAIL NODE - Over 1.2MSF of retail space in a one-mile radius boasting a ~0.6% vacancy rate - Across the street from Heritage Crossing Shopping center a 460K SF Target-anchored power center HIGHLY VISIBLE AND TRAFFICKED LOCATION - Located on the corner of a high trafficked lighted intersection of Raleigh Road Pkwy (23.5k VPD) and Airport Blvd NW (27.5K VPD) - Multiple points of ingress and egress on Airport Blvd and Raleigh Road Parkway with cross-access to other retailers NEW CONSTRUCTION - Newly built Outback, building being constructed by Tenant with newest restaurant prototype

FOR SALE DETAILS

PRICE

$3,619,000 USD

PRICE/SF

$875 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Outback Steakhouse

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

1.38 AC

LAND SF

60,113 SF

ZONING

GC

APN/PARCEL ID

3702-67-7745.000

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
704-697-1900

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David HoppeAtlantic Capital PartnersMore Info
704-697-1900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.