450 Montgomery Mall, North Wales, PA

Listing office JLL - Corporate m***@jll.com Show Phone

Listing date Nov 25, 2025

Source Moodyscre

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Overview

This 6,830 square foot property is a single-tenant Outback Steakhouse located at 450 Montgomery Mall in North Wales, Pennsylvania, within the Philadelphia MSA. The property benefits from its location as an out-parcel to the Montgomery Mall, which attracts 3.2 million annual visitors, and its position at the intersection of Bethlehem Pike and Dekalb Pike, which sees a combined traffic volume of 45,760 vehicles per day. Across the street is the Airport Square shopping Center, featuring national retailers such as Best Buy, Marshal’s, Michael’s, HomeGoods, and Old Navy, drawing 4 million annual visitors. The property is subject to an absolute NNN lease with over 8 years of passive cash flow remaining. The lease includes four, five-year renewal options and 10% rent increases in the primary term and throughout the renewal options. The tenant, an operating subsidiary of Bloomin’ Brands, demonstrated strong performance in 2023, achieving revenues resulting in a 5% rent-to-sales ratio. The surrounding affluent community has an average household income exceeding $160,000.

Suggested Use

Real Estate Agency Law Firm Building Supply Hotel & Motel Spa & Massage Center Kitchen & Bath Showroom HVAC Service Auto Parts Store Gym & Fitness Center Dental Office

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

• Wegmans Catering — 500 Montgomery Mall, North Wales, PA 19454

Location Insight

• Map
• Local Demand

City

North Wales

County

Montgomery

State

Pennsylvania

Longitude

-75.2753

Latitude

40.2127

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FAQs

What type of property is this?

Restaurant - Single-tenant Outback Steakhouse with long-term NNN lease in North Wales.

Where is this restaurant located?

The property is located at 450 Montgomery Mall North Wales, PA.

What are key features of this property?

This property features: Absolute NNN lease provides passive income with no landlord expenses.; Located on an out‑parcel to the Montgomery Mall with high visibility (45,760 VPD).; Tenant is Outback Steakhouse, a leading international brand.