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Outback Steakhouse: Joplin, MO 3110 E 36th St

6,205 SF Retail Building Joplin, MO 64804 £2,131,863 (£344/SF) 6.35% Net Initial Yield

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Investment Highlights

Absolute NNN lease features ±12.4 years of primary term remaining with three, 5-year renewal options and a corporate guaranty from Bloomin’ Brands.
Located along East 36th Street, where it is just feet from its signalized intersection with South Rangeline Road (13,296 VPD).
Located as an outparcel to a 133,800-square-foot Sam’s Club and is immediately adjacent to Drury Inn & Suites (107 Rooms) and Hampton Inn (89 Rooms).

The offering boasts rare annual rent increases of 1.80%.
The site is half a mile south of the on-ramp to Interstate 44 (21,055 VPD).
5.6 MSF of retail, 1.4 MSF of office, 1.6 MSF of industrial and 2,629 multifamily units within a 3-mile radius.

Executive Summary

CBRE is pleased to exclusively offer for sale the 6,205-square-foot Outback Steakhouse situated on 1.52 acres in Joplin, MO (MSA Population: 202,946). Outback’s absolute NNN lease features ±12.4 years of primary term remaining with three, 5-year renewal options and a corporate guaranty from Bloomin’ Brands.