OUTBACK STEAKHOUSE FULLY LEASED RESTAURANT | AVAILABLE FOR SALE | IDAHO FALLS, IDAHO
OFFERING PRICE $1,450,000
Dustin Mortimer 208.656.2272 | [email protected] 970 LINDSAY BLVD
PROPERTY YEAR BUILT PROPERTY HIGHLIGHTS ADDRESS 1997 970 Lindsay Blvd • Strategic location at conversion of I-15, US Hwy 20 & Us Hwy 26. Idaho Falls, ID 83402 TENANT • Located on Primary Travel Route to Yellowstone National Park. Outback Steakhouse PROPERTY TYPE • 1,792 hotel rooms located within 1/2 mile of restaurant. Freestanding Restaurant ZONING HC-1 BUILDING SIZE • Strong daytime population near Downtown Idaho Falls. 6,224 SF • Located just a few minutes south of the growing INL Campus with PARCEL SIZE approximately 4,000 employees. 1.81 Acres
Last Updated 05/17/21
Outback Steakhouse | Idaho Falls, ID tokcommercial.com [4] 2 Updated: 5.17.2021 THE OFFERING
TOK Commercial is pleased to exclusively offer the fully leased, freestanding Outback Offering Price: $1,450,000.00 | $232.96 psf Steakhouse (970 Lindsay Boulevard, Idaho Falls, Idaho) for sale. Capitalization Rate: 7.11%
Outback Steakhouse is an Austrailian themed American casual dining restaurant chain with Net Operating Income: $103,200.00 over 1,000 locations in 23 countries throughout North America, South America, Asia and Tenant: Outback Steakhouse Australia. This location in Idaho Falls is strategically located at conversion of I-15, US Hwy 20 & Us Hwy 26 and on the primary travel route to Yellowstone National Park. The property is Current Occupancy: 100% located near many hotels, downtown attractions, industrial parks and schools. Lease Term: Expires July 31, 2022
This offering is an opportunity to invest in a fully leased, single-tenant freestanding Lease Type: NNN restaurant in a growing location of Idaho Falls. Rent: $8,600/month
Outback Steakhouse | Idaho Falls, ID tokcommercial.com 3 PROPERTY PHOTOS EXTERIOR
Outback Steakhouse | Idaho Falls, ID tokcommercial.com 4 FINANCIAL VALUATION
PRICE: $1,450,000
CAPITALIZATION RATE: 7.11%
TOTAL RENTABLE AREA (SF): 6,224 SF
LOT SIZE (ACRES): 1.81 ACRES
SCHEDULED RENT: $8,600/mo NNN
NET OPERATING INCOME: $103,200.00
OFFERING CAPITALIZATION PRICE RATE $1,450,000 7.11% [$232.96/SF]
Outback Steakhouse | Idaho Falls, ID tokcommercial.com 5 outback.com
Created in Tampa, Florida in 1988, Outback Steakhouse is owned by Bloomin’ Brands and other franchise and venture agreements internationally.
We are an Australian-inspired steakhouse restaurant beloved worldwide. We pride ourselves on serving up variety; our unbeatable steak cuts are complemented by delicious choices of chicken, ribs, seafood, and pasta at a price for everyone. Our strategy? We’re the leader of the pack by emphasizing consistently high quality delicious food delivering a warm, welcoming environment. Our generous portions are moderately priced. Our casual atmosphere couldn’t be more transporting - it’s like you’re right there in the Australian Outback.
Bloomin’ Brands, Inc. is based in Tampa, FL, founded in 1988 by those who love hospitality, sharing, quality, being courageous and having fun. We’re a company of restaurants that owns and operates Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill and Fleming’s Prime Steakhouse & Wine Bar.
Outback Steakhouse | Idaho Falls, ID tokcommercial.com 6 PRIME DOWNTOWN LOCATION DOWNTOWN IDAHO FALLS 1,792 HOTEL ROOMS NEARBY
W BROADWAY ST NATIONAL HOTEL CHAINS
LINDSAY BLVD
RIVERSIDE DR
119
21,500 VPD
Snake River
26,997 VPD GRANDVIEW DR
Outback Steakhouse | Idaho Falls, ID tokcommercial.com 7 SITE AERIAL 1.81 TOTAL ACRES
26,997 VPD
21,500 VPD
Outback Steakhouse | Idaho Falls, ID tokcommercial.com [8] 8 FULL OFFERING MEMORANDUM
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Outback Steakhouse | Idaho Falls, ID tokcommercial.com 9