11756 US-70 BUS w - Restaurant FOR SALE


Clayton, NC 27520
$3,364,000 USD
980-498-3293
11756 US-70 BUS w, Clayton, NC for Sale
$3,364,000 USD
Restaurant - FOR SALE
1/6
null | 5.35% Cap Rate

11756 US-70 BUS w
Clayton, NC 27520


HIGHLIGHTS

  • A TOP PERFORMING MARKET NATIONALLY
  • HIGHLY VISIBLE AND TRAFFICKED LOCATION
  • ATTRACTIVE LEASE FUNDAMENTALS

OVERVIEW

ATTRACTIVE LEASE FUNDAMENTALS - New 15 year Abs. NNN Ground Lease - 10% rent increases every 5 years - 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 A TOP PERFORMING MARKET NATIONALLY - Raleigh, NC ranked #3 in 2023 of best residential markets (Rocket Mortgage) - Raleigh forecasts a 44% job growth over the next 10 years (3.0% growth from 2021 to 2022) - Raleigh ranked #3 in best places to live for 2023-2024 (U.S. News) POSITIONED ON A RETAIL CORRIDOR - Over 627KSF of retail space located in a 1-mile radius - Nearby National Retailers include: Lowes Foods, Walmart Super Center, Bojangles, Biscuitville, Arby’s, Dairy Queen and Culvers HIGHLY VISIBLE AND TRAFFICKED LOCATION - Fronting US 70 BUS Hwy W (40,500 VPD) - Direct Access to Cameron Crossing, a 200 unit townhome community - Less than quarter mile to Stalling Mills, a 288 unit apartment complex NEW CONSTRUCTION - Newly built Outback, building being constructed by Tenant with newest restaurant prototype

FOR SALE DETAILS

PRICE

$3,364,000 USD

PRICE/SF

$673 USD /SF

CAP RATE

5.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Outback Steakhouse

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

61

LAND DETAILS

LAND ACRES

1.87 AC

LAND SF

81,457 SF

ZONING

C

APN/PARCEL ID

05026073U

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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