Freestanding Outback Steakhouse
15 Springer Drive Highlands Ranch, CO 80129
15 Springer Drive, Highlands Ranch, CO, 80129
$4,795,000
For Sale
$4,795,000
Absolute NNN leased freestanding Outback Steakhouse with 18 years remaining and annual 2% rental increases.
Days on Market51
Property Features for 15 Springer Drive
General Information
- Standard status
- Active
- Property subtype
- Retail
Building Details
- Year Built
- 1995
Properties For Sale
at 15 Springer Drive Contact us
Listing agency
SRS Industrial - Newport Beach
(480) 221-4221
Listed by
Patrick Luther · License #CA 01732226
(480) 221-4221
Source
Srsre
Added: Jun 1 Updated: Jul 20 at 11:42PM Checked: Jul 21 at 3:01AM
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Investment Insights
Based on property information with market context.
SRS National Net Lease Group is pleased to offer the fee simple interest (land and building ownership) in an absolute NNN leased, freestanding Outback Steakhouse investment property. The lease is absolute NNN with zero landlord responsibilities, providing a management-light structure for an investor. The tenant has more than 18 years remaining on the initial lease, along with three (5-year) option periods. The lease also includes 2% annual rental increases throughout the initial term.
The property is located at 15 Springer Drive in Highlands Ranch, Colorado.
As presented, the lease is franchisee guaranteed by Cerca Trova, an Outback Steakhouse franchisee operator with over 100 Outback locations across the western United States.
The property is located at 15 Springer Drive in Highlands Ranch, Colorado.
As presented, the lease is franchisee guaranteed by Cerca Trova, an Outback Steakhouse franchisee operator with over 100 Outback locations across the western United States.
Key Highlights
- Fee simple (land & building) interest in a freestanding Outback Steakhouse on an absolute NNN lease
- Tenant Outback Steakhouse has 18+ years remaining on the initial lease, plus three 5‑year options
- Lease provides 2% annual rental increases during the initial term for NOI growth
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Absolute NNN leased freestanding Outback Steakhouse with 18 years remaining and annual 2% rental increases.
Where is this conventional restaurant located?
The property is located at 15 Springer Drive Highlands Ranch, CO.
What is the asking price?
The asking price for this property is $4,795,000.
What are key features of this property?
This property features: Fee simple (land & building) interest in a freestanding Outback Steakhouse on an absolute NNN lease; Tenant Outback Steakhouse has 18+ years remaining on the initial lease, plus three 5‑year options; Lease provides 2% annual rental increases during the initial term for NOI growth
