5200 Capital Blvd - Restaurant FOR SALE
Raleigh, NC 27616 |
5200 Capital Blvd
Raleigh, NC 27616
HIGHLIGHTS
- Long Term Ground Lease - 15 year ground lease with 10% increases every 5 years | 4-(5) Five year options to renew
- Robust Traffic Counts- Capital Blvd (50,500 VPD) and Spring Forest Road (19,000 VPD)
- Source of Passive Income – Absolute Net Ground Lease with no Landlord Responsibilities
- Strong Lease Guarantor - Bloomin’ Brands is one of the world’s largest casual dining companies with approximately 93,000 employees
- Brand Recognition - Outback Steakhouse has been operating since 1988 with over 1,000 locations in 46 states
- Tenant Commitment to Site - Outback self-funded the high-quality, ground-up construction at this location
FOR SALE DETAILS
PRICE
-
CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Outback Steakhouse
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
TOTAL BUILDING SIZE
6525
STORIES
1
YEAR BUILT
2020
SPRINKLERS
-
PARKING SPACES
118
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
1726.10-46-4925-000
