$3,810,000 USD
704-714-2363
535 Dr. Calvin Jones Hwy
Wake Forest, NC 27587
Outer Northern Outlying
HIGHLIGHTS
- Absolute net ground lease | No landlord responsibilities | Desirable lease term | New 15-year term
- Corporate Parent | Tenant is operated by Bloomin’ Brands, Inc. | A publicly traded restaurant operator with approximately 1,450 locations nationwide
- Strategic Location | Property is located directly across from Wegmans and adjacent to a new retail development
- Great visibility from Dr. Calvin Jones Hwy | 31,000 VPD
- Explosive population growth within 1-mile | 75.12% from ’10-‘25
- Affluent surrounding area | $137,312 average household income within a 1-mile radius
FOR SALE DETAILS
PRICE
$3,810,000 USD
PRICE/SF
$812 USD /SF
CAP RATE
5.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Outback Steakhouse | Ground Lease
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2026
SPRINKLERS
-
PARKING SPACES
31
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
Commecial
APN/PARCEL ID
1830.12-87-8039-000
ASK ABOUT THIS PROPERTY
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704-714-2363
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704-714-2363
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