Outback Steakhouse
New
For Sale
$5,012,000
180 Hickman Dr, Sanford, FL 32771
The corporate-guaranteed lease is structured as absolute NNN, with taxes, insurance, and property maintenance assigned to the tenant.
Property Size6,220 SF
Days on Market3
Property Features for 180 Hickman Dr
General Information
Standard status
Active
Size
6,220 SF
Property subtype
Retail
Zoning
C-2 - Commercial
Occupancy
100%
Additional Details
Tenant in Place
Yes
Building Details
Building Size
6,220 SF
Year Built
1996
Listing Agency:
SRS Industrial - Newport Beach
Listed By:
Matthew Mousavi · License #CA 01732226
(714) 404-8849
Source:
Srsre
Added: Oct 30
Changed: Nov 1
Last Checked: Oct 30 at 3:25PM
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 SRS Industrial - Newport Beach
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Investment Insights
Based on property information with market context.
This 1996 restaurant property in Sanford, Florida, is offered as a fee-simple interest in both the land and building. The site is zoned C-2 - Commercial and leased to Outback Steakhouse under an absolute NNN agreement with a corporate guarantee. The tenant handles property taxes, insurance, and maintenance.
More than 5 years remain on the current 15-year lease, with four 5-year extension options. Base rent increases 1.0% annually through the initial term and first three options. During the fourth option, rent adjusts to fair market value, followed by 1.0% annual increases.
More than 5 years remain on the current 15-year lease, with four 5-year extension options. Base rent increases 1.0% annually through the initial term and first three options. During the fourth option, rent adjusts to fair market value, followed by 1.0% annual increases.
Key Highlights
- Absolute NNN lease with corporate guarantee
- More than 5 years remain on the current 15‑year lease
- Four 5‑year extension options
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
606
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32771, FL
57,178
Population
24,062
Households
2.4
Avg Household Size
37
Median Age
35%
College-Educated
91%
High-School Grad
37.5 sq mi
ZIP Area
1,525
Density / Sq Mi
$74,520
Median Household Income
$43,321
Median Earnings
$1,584
Median Rent
$332,500
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The corporate-guaranteed lease is structured as absolute NNN, with taxes, insurance, and property maintenance assigned to the tenant.
Where is this conventional restaurant located?
The property is located at 180 Hickman Dr Sanford, FL.
What is the asking price?
The asking price for this property is $5,012,000.
What are key features of this property?
This property features: Absolute NNN lease with corporate guarantee; More than 5 years remain on the current 15‑year lease; Four 5‑year extension options
