450 Montgomery Mall North Wales, PA
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Single-tenant Outback Steakhouse with long-term NNN lease in North Wales.
Type:RETAIL
Property size:
6,830 SFLot size:
81.10 Acres- Added:
- Jul 21, 2025
- Days on Market:
- 265
- Last Refresh:
- Apr 5 at 10:22 pm
Property Features for 450 Montgomery Mall
General Information
- Standard status
- Active
- Size
- 6,830 SF
- Lot size
- 81.10 Acres
- Property subtype
- RETAIL
Listing agent Mohsin Mirza License #475189943
Listing office JLL - Corporate (312) 782-5800
Listing date Jul 21, 2025
Source Moodyscre
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 JLL - Corporate
Overview
Outback Steakhouse NNN Investment Opportunity
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.
Location Intelligence
Current Use by Public Records
Outback Steakhouse
Restaurant
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
Nearby Similar for Sale
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 is the asking price?
The asking price for this property is $3,083,000.
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.
