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Outback Steakhouse 225 Fort Evans Rd NE 4,988 SF Retail Building Leesburg, VA 20176 $3,876,190 ($777.10/SF) 5.25% Cap Rate

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INVESTMENT HIGHLIGHTS

Outback Steakhouse in Prime Washington, DC MSA Suburban Market
Coveted Location in Leesburg (Loudoun County), VA - Consistently Ranked the Wealthiest County in the U.S.
Long Term Corporate NNN Ground Lease with 10% Bumps Every 5 Years

Strategic Location as Pad Site to Leesburg Premium Outlets - Leesburg Premium Outlets Attracts Over 3.1M Visitors Per Year
Superior Demographics - Population exceeding 100,000 and AHHI over $172,000 within a 5-mile Radius
High Barrier to Entry Market

EXECUTIVE SUMMARY

NNN Pro is pleased to present the exclusive listing for an Outback Steakhouse located at 225 Fort Evans Rd, Leesburg, VA 20176. The site consists of roughly 4,988 rentable square feet of building space on an estimated 1.1-acre parcel of land. This Outback Steakhouse is subject to a 15-year Ground lease, which commenced 8/23/2021.

PROPERTY FACTS

Sale Type

Investment

Property Type

Retail

Property Subtype

Restaurant

Building Size

4,988 SF

Building Class

Year Built

2021

Price

$3,876,190

Price Per SF

$777.10

Cap Rate

5.25%

NOI

$203,500

Tenancy

Single

Building Height

1 Story

Building FAR

0.10

Lot Size

1.10 AC

Parking

177 Spaces (35.49 Spaces per 1,000 SF Leased)

Frontage

198’ on Fort Evans Road Northeast

AMENITIES

Restaurant

Signage

MAJOR TENANTS

Accommodation and Food Services
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Triple Net
Aug 2036

Outback Steakhouse is an Australian-inspired steakhouse restaurant beloved worldwide. They pride themselves on serving up variety; their unbeatable steak cuts are complemented by delicious choices of chicken, ribs, seafood, and pasta at a price for everyone. Their strategy? They're the leader of the pack by emphasizing consistently high quality delicious food delivering a warm, welcoming environment. Their generous portions are moderately priced. Their casual atmosphere couldn't be more transporting - it's like you're right there in the Australian Outback.