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Outback Steakhouse NNN Property
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535 Doctor Calvin Jones Highway, Wake Forest, NC 27587

Ground-lease restaurant property with commercial zoning and a 2026 construction date.

Property Size4,694 SF
Price / SF$811.67
Days on Market122

Property Features for 535 Doctor Calvin Jones Highway

General Information

Standard status Active
Size 4,694 SF
Total Parking Spaces 31
Property subtype Retail
Zoning Commercial
Lease Type Absolute Net
Investment Type Net Lease
Net Operating Income $200,000

Building Details

Year Built 2026
Buildings 1
Stories 1
Tenancy Single
Listing Agency: Berkeley Capital Advisors Charlotte
Listed By: Carl Brendes · License #NC 287166
Source: Crexi
Added: May 4 Changed: Aug 31 Last Checked: Aug 31 at 12:26AM

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 Berkeley Capital Advisors Charlotte

Investment Insights

Based on property information with market context.

This NNN property is associated with an Outback Steakhouse ground lease and was built in 2026. The building contains 4,694 square feet and carries Commercial zoning. The lease structure is identified as having no landlord responsibilities.

The property is located at 535 Doctor Calvin Jones Highway in Wake Forest, North Carolina 27587. Its restaurant use, branded tenancy, and ground-lease structure define the asset’s current commercial profile.

Key Highlights

  • Outback Steakhouse ground‑lease property
  • 4,694 SF building
  • Built in 2026

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Building Supply Restaurant Big Box & Wholesale Store Auto Parts Store Auto Repair Shop Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

298
Businesses Nearby
43k
Monthly Visits Nearby

Foot Traffic Nearby

Groceries 52% Dining 29% Shops & Services 19%
Lidl Groceries
22,103 visits/mo 0.3 miles
Piada Italian Street Food Dining
12,448 visits/mo 0.5 miles
Citgo Shops & Services
2,645 visits/mo 0.5 miles
Batteries Plus Bulbs Shops & Services
2,218 visits/mo 0.4 miles
Carquest Auto Parts Shops & Services
2,110 visits/mo 0.4 miles

Demographics for 27587, NC

76,647
Population
30,571
Households
2.5
Avg Household Size
40
Median Age
56%
College-Educated
96%
High-School Grad
105.1 sq mi
ZIP Area
729
Density / Sq Mi
$125,607
Median Household Income
$59,006
Median Earnings
$1,415
Median Rent
$452,400
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
NNN property - Ground-lease restaurant property with commercial zoning and a 2026 construction date.
Where is this nnn property located?
The property is located at 535 Doctor Calvin Jones Highway Wake Forest, NC.
What is the asking price?
The asking price for this property is $3,810,000.
What are key features of this property?
This property features: Outback Steakhouse ground‑lease property; 4,694 SF building; Built in 2026
More about this property
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