8280 Valley Blvd
Blowing Rock, NC 28605

CBRE’S Net Lease Property Group is pleased to offer a 6,197-square-foot freestanding Outback Steakhouse situated on 2.28 acres in Blowing Rock, NC. Blowing Rock is a picturesque town tucked away in the Blue Ridge Mountains of North Carolina. The entire town is located within the Boone Micropolitan Statistical Area (Population: 26,484) while the southern portion of Blowing Rock is also in the Hickory-Lenoir-Morganton Metropolitan Statistical Area (MSA Population: 366,534). Built in 1998, Outback will execute a new 10-year NNN lease featuring four 5-year options to renew and attractive annual rent escalations. This investment offers investors an excellent opportunity to acquire a net leased asset leased on a long-term NNN basis to one of the nation’s premier casual dining restaurant operators. Showing long-term commitment to the site, Outback completed an exterior remodel in December of 2017. The property features excellent access and visibility on Valley Boulevard (Traffic Count: 15,000 VPD), the main thoroughfare in Blowing Rock. Valley Boulevard becomes Highway 321 and provides access to Kentucky to the north and Charlotte and South Carolina to the South. Outback is ideally located near many attractions including the Blowing Rock Country Club, Blue Ridge Parkway, Broyhill Park, Blowing Rock Art & History Museum, Bass Lake and many notable Blue Ridge Mountain hiking trails. Outback further benefits from minimal competition as Blowing Rock, a tourist hub, is home to just a handful of national food retailers.