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Outback Steakhouse - 3527 Union Deposit Road, Harrisburg, PA

Property Details

  • Price :

  • Square Feet :

  • Cap Rate :

  • $3,690,000

  • 6,196

  • 5.00%

  • NOI :

  • Acres :

  • $184,496

  • 1.62

  • Property Type :

  • Property Status :

  • Net Lease

  • Under Agreement

Investment Highlights

• Approximately 15 years remaining on Absolute NNN Lease guaranteed by publicly traded

Bloomin' Brands, Inc. (NASDAQ: BLMN)

• Bloomin' Brands is one of the world's largest casual dining companies with over 1,500

restaurants worldwide. Other concepts besides Outback Steakhouse include Bonefish Grill,

Carraba's Italian Grill, & Flemmings Prime Steakhouse.

• Bloomin' Brands had $4B+ in revenues in 2019

• Lease calls for annual rent increases of 1.65%

• Located approximately 3 miles east of Harrisburg along Union Deposit Road with over

30,000 vehicles/day

• Less than ½ mile to entrance to I-83 (108,000 Cars/Day) with direct access to Baltimore

• Outparcel to Union Square Shopping Center anchored by Weis Supermarkets and Gabe's

with other retailers including Chipotle, Starbucks, and Wendy's.

• Other nearby national retailers include PriceRite, Ashley Furniture, Big Lots, Dollar

General, Lowe's, Advance Auto Parts, McDonald's, Sheetz, Crunch Fitness, Burlington

Coat Factory, and Giant Foods

• Multiple nearby hotels including Best Western, Country Inn & Suites by Radisson, Comfort

Inn, Holiday Inn Express, Fairfield Inn, and EconoLodge

• Approximately 1 mile from UPMC Pinnacle Community Osteopathic Hospital (290 beds)

which serves as a major traffic driver to this service area

• Excellent population density with over 184,000 people within 5 miles

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