Absolute NNN Leased
For Sale
Contact for pricing
2735 Longpine Rd, Burlington, NC 27215
Outback Steakhouse offered for sale with a 15-year absolute triple-net lease in place.
Property SizeContact for details
Days on Market132
Property Features for 2735 Longpine Rd
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Glen Kunofsky · License #NY 49KU1129178
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 21 at 6:17PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SURMOUNT
Investment Insights
Based on property information with market context.
NNN Pro Group presents an Outback Steakhouse located at 2735 Longpine Road in Burlington, North Carolina. The site includes a restaurant building with approximately 6,163 rentable square feet on an estimated 1.62-acre parcel of land. The property is subject to a 15-year absolute triple-net (NNN) lease that commenced on June 7, 2019.
Lease terms provide for current annual rent of $184,805 with scheduled 1.0% annual increases throughout the base term. The listing information notes that the property is priced off the July 1, 2023 rent increase, and the seller will credit the buyer the difference in monthly rent at closing.
This is a single-tenant, NNN restaurant offering structured around the existing lease in place.
Lease terms provide for current annual rent of $184,805 with scheduled 1.0% annual increases throughout the base term. The listing information notes that the property is priced off the July 1, 2023 rent increase, and the seller will credit the buyer the difference in monthly rent at closing.
This is a single-tenant, NNN restaurant offering structured around the existing lease in place.
Key Highlights
- Outback Steakhouse at 2735 Longpine Road, Burlington, NC
- NNN lease with 15‑year absolute triple‑net term that commenced June 7, 2019
- Approximately 6,163 rentable SF on an estimated 1.62‑acre parcel
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,070
Businesses Nearby
470k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Superstores 27%
Shops & Services 14%
Home Improvements & Furnishings 6%
Walmart
Superstores
127,838 visits/mo
0.4 miles
Chick-fil-A
Dining
64,474 visits/mo
0.3 miles
Cracker Barrel Old Country Store
Dining
31,421 visits/mo
0.3 miles
Golden Corral
Dining
29,451 visits/mo
0.3 miles
Tractor Supply Co.
Home Improvements & Furnishings
28,624 visits/mo
0.4 miles
Demographics for 27215, NC
44,620
Population
21,854
Households
2
Avg Household Size
42
Median Age
37%
College-Educated
92%
High-School Grad
63.1 sq mi
ZIP Area
707
Density / Sq Mi
$66,669
Median Household Income
$45,267
Median Earnings
$1,112
Median Rent
$241,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Outback Steakhouse offered for sale with a 15-year absolute triple-net lease in place.
Where is this conventional restaurant located?
The property is located at 2735 Longpine Rd Burlington, NC.
What are key features of this property?
This property features: Outback Steakhouse at 2735 Longpine Road, Burlington, NC; NNN lease with 15‑year absolute triple‑net term that commenced June 7, 2019; Approximately 6,163 rentable SF on an estimated 1.62‑acre parcel
