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Outback Steakhouse: Midland, TX 2314 W Loop 250 N

6,192 SF Retail Building Midland, TX 79705 £4,969,340 (£803/SF) 6.25% Net Initial Yield

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Investment Highlights

Absolute NNN lease features ±12.0 years of primary term remaining with three 5-year renewal options and a corporate guaranty from Bloomin’ Brands.
Located along both Faulkner Drive and West Loop 250 North (45,200 VPD).
Surrounded by dense residential with nearly 4,200 households and 1,900+ multifamily units within a mile.

The offering boasts rare annual rent increases of 1.8%.
5.7 MSF of retail, 3.7 MSF of office, and 2.3 MSF of industrial within a 3-mile radius.
Population of 71,349 and an average household income of $138,810 within a 5-mile radius.

Executive Summary

CBRE is pleased to exclusively offer for sale the 6,192-square-foot Outback Steakhouse situated on 1.45 acres in Midland, TX (MSA Population: 173,180). Outback’s absolute NNN lease features ±12.0 years of primary term remaining with three 5-year renewal options and a corporate guaranty from Bloomin’ Brands, Inc. The offering boasts rare annual rent increases of 1.8%.