4142 Ridgemont Dr - Restaurant FOR SALE


Abilene, TX 79606
$3,506,900 USD
404-923-1486
4142 Ridgemont Dr, Abilene, TX for Sale
$3,506,900 USD
Restaurant - FOR SALE
1/11
null | 6.25% Cap Rate

4142 Ridgemont Dr
Abilene, TX 79606


HIGHLIGHTS

  • Absolute NNN lease features ±12.0 years of primary term remaining with three 5-year renewal options and a corporate guaranty from Bloomin’ Brands.
  • The offering boasts rare annual rent increases of 1.8%.
  • Located along Ridgemont Drive (11,238 VPD), which intersects with South Clark Street (13,350 VPD) and provides access to US-83 (33,876 VPD).
  • Outback is an outparcel to a Lowe’s-anchored shopping center.
  • 5.4 MSF of retail, 1.4 MSF of office, 1.2 MSF of industrial, and 1,404 hotel rooms within a 3-mile radius.
  • The site captures significant traffic from the dense concentration of residential within 1 mile: 4,210 households & nearly 2,000 multifamily units.

OVERVIEW

CBRE is pleased to exclusively offer for sale the 6,172-square-foot Outback Steakhouse situated on 1.53 acres in Abilene, TX (MSA Population: 177,314). Outback's absolute NNN lease features ±12.0 years of primary term remaining with three 5-year renewal options and a corporate guaranty from Bloomin’ Brands, Inc. The offering boasts rare annual rent increases of 1.8%.

FOR SALE DETAILS

PRICE

$3,506,900 USD

PRICE/SF

$568 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Outback Steakhouse: Abilene, TX

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

146

LAND DETAILS

LAND ACRES

1.53 AC

LAND SF

66,647 SF

ZONING

-

APN/PARCEL ID

38952

ASK ABOUT THIS PROPERTY

Christopher BosworthCBRE, Inc.More Info
404-923-1486

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Christopher BosworthCBRE, Inc.More Info
404-923-1486

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