Outback Steakhouse: Onalaska, WI
6,320 SF | Retail Building | Onalaska, WI 54650 | $2,306,800 ($365/SF) | 6.50% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,306,800
- Property Type
-
Retail, Restaurant
- Square Feet
- 6,320 SF
- Price / Square Foot
- $365
Listing Contacts
Thomas Carr
Verified Profile
Christopher Bosworth
Verified Profile
Brian Pfohl
Verified Profile
Brian Wolff
Verified Profile
Abby Kelly
Verified Profile
- Property Info
Property Overview
CBRE is pleased to offer for sale the 6,320 square-foot Outback Steakhouse situated on 1.81 acres in Onalaska, WI. 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
- 2000
- Stories
- 1
- Lot Size (sq. ft)
- 78,844 SF
Highlights
- Absolute NNN Lease with Corporate Guaranty
- The offering boasts rare annual rent increases of 1.80%
- Affluent demographics with a population of 21,627and an average household income of $103,234 within a 3-mile radius
- 3.5 MSF of retail, 1.7 MSF of industrial and 1,700+ multifamily units within a 3-mile radius
- Publicly-Traded Parent Company
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