Outback Steakhouse: Lynchburg, VA
6,559 SF | Retail Building | Lynchburg, VA 24501 | $2,449,300 ($373/SF) | 6.50% Cap Rate
For Sale
Active
- Date Added:
- September 16, 2024
- Days on Market:
- 2 days
Asking Price $2,449,300
- Property Type
-
Retail, Restaurant
- Square Feet
- 6,559 SF
- Price / Square Foot
- $373
Listing Contacts
Thomas Carr
Verified Profile
Brian Pfohl
Verified Profile
Christopher Bosworth
Verified Profile
Abby Kelly
Verified Profile
Leah Lindell
Verified Profile
Kaitlyn Wolf
Verified Profile
Ryan Sciullo
Verified Profile
- Property Info
Property Overview
CBRE is pleased to offer for sale the 6,559 square-foot Outback Steakhouse situated on 3.08 acres in Lynchburg, VA. Outback’s absolute NNN lease features ±12.6 years of primary term remaining with three, 5-year renewal options and a corporate guaranty from Bloomin’ Brands.
Property Details
- Class
- C
- Year Built
- 1997
- Stories
- 1
- Lot Size (sq. ft)
- 134,165 SF
Highlights
- College Town | Minutes from 3 Colleges & Universities
- Absolute NNN Lease with Corporate Guaranty
- The offering boasts rare annual rent increases of 1.80%
- 5.9 MSF of retail, 3.6 MSF of office, 5.9 MSF of industrial and 4,893 multifamily units within a 3-mile radius
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].