955 E Oak St - Restaurant FOR SALE


Conway, AR 72032- Downtown Conway
$2,974,000 USD
972-482-0111
955 E Oak St, Conway, AR for Sale
$2,974,000 USD
Restaurant - FOR SALE
1/4
null | 6.25% Cap Rate

955 E Oak St
Conway, AR 72032
Downtown Conway


HIGHLIGHTS

  • Conway is currently experiencing a significant wave of industrial and commercial expansion
  • Rare Corporate Guaranty from Bloomin' Brands, Inc. (NASDAQ: BLMN)
  • 2.5 Miles from University of Central Arkansas (11,700 Students)
  • 84,700 Daytime Employees in Trade Area
  • 578 Hotel Rooms within Walking Distance
  • 6.5 Years Corporate Ground Lease Remaining

OVERVIEW

Marcus & Millichap is pleased to offer Outback Steakhouse for sale in Conway, Arkansas. The property is a relocation store, built in 2017, and building is 6,497 square feet on 1.47-acre land. Conway’s strong community spirit, high-performing schools and colleges, family friendly recreation, and vibrant economy attract visitors, residents, and businesses to the city. It is this quality of life in Conway and the surrounding area that has made Faulkner County the 72nd fastest-growing county in the nation, out of 3,007 counties, according to the U.S. Census Bureau. Conway has three institutions of higher learning - the University of Central Arkansas, Central Baptist College, and Hendrix College - that produce graduates who choose to stay in the area and enter the workforce. As a result, nearly 40 percent of Conway’s adults have a post-secondary degree. This educational level is a boon to employers in all sectors, and Conway has a variety - manufacturing, education, health services, and technology and information services, to name a few. As of 2026 Q1, unemployment rate is 3.7% compared to 4.1% US, and Y-O-Y sales growth is 5.49% compared to 2.1% US. Job growth rate is HIGH compared to Stabilizing US. Outback Steakhouse in high-growth city of Conway, Arkansas is a good fit for those that are looking for truly passive investment with the corporate guaranty from the publicly traded Bloomin’s Brands, Inc.

FOR SALE DETAILS

PRICE

$2,974,000 USD

PRICE/SF

$458 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Outback Steakhouse | Corp Guaranty

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.47 AC

LAND SF

64,033 SF

ZONING

-

APN/PARCEL ID

710-07987-002

ASK ABOUT THIS PROPERTY

William Kim, CCIMMarcus & MillichapMore Info
972-482-0111

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William Kim, CCIMMarcus & MillichapMore Info
972-482-0111

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