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Outback Steakhouse in Conway, Arkansas
For Sale
$2,650,000

955 E Oak St, Conway, AR 72032

Restaurant property in a high-growth city.

Property Size6,497 SF
Lot Size1.47 Acres
Price / SF$407.88
Days on Market139

Property Features for 955 E Oak St

General Information

Standard status Active
Size 6,497 SF
Lot size 1.47 Acres
Property subtype Restaurant

Amenities

Conway is currently experiencing a significant wave of industrial and commercial expansion
Rare Corporate Guaranty from Bloomin' Brands, Inc. (NASDAQ: BLMN)
2.5 Miles from University of Central Arkansas (11,700 Students)
84,700 Daytime Employees in Trade Area
578 Hotel Rooms within Walking Distance
Relocation Store Built in 2017
6.5 Years Corporate Ground Lease Remaining

Building Details

Building Size 6,497 SF
Listing Agency: Marcus & Millichap - Dallas
Listed By: William Kim · License #License(s): CA: 01344741, TX: 755628, NV: S.0204443
Source: Marcusmillichap
Added: Apr 20 Changed: Aug 21 Last Checked: Sep 4 at 2:28AM

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 Marcus & Millichap - Dallas

Investment Insights

Based on property information with market context.

The property is an Outback Steakhouse located in Conway, Arkansas. Constructed in 2017, the building has 6,497 square feet of space and is situated on a 1.47-acre lot. Conway has three institutions of higher learning - the University of Central Arkansas, Central Baptist College, and Hendrix College. Nearly 40 percent of Conway’s adults have a post-secondary degree. The city's economy encompasses manufacturing, education, health services, and technology and information services. As of 2026 Q1, the unemployment rate is 3.7% compared to 4.1% US, and Y-O-Y sales growth is 5.49% compared to 2.1% US.

Key Highlights

  • Corporate guaranty from publicly traded Bloomin’s Brands, Inc. offers a truly passive investment.
  • Located in Conway, Arkansas, a high‑growth city with a strong community spirit and vibrant economy.
  • Newer construction: relocation store built in 2017.

Property Analytics

Current Use

Outback Steakhouse Restaurant

Suggested Use

Top Pick Parking Lot & Garage Grocery & Convenience Store Garden Center Locksmith Veterinary Clinic (Bike/Boat/Book/etc) Store

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

1,622
Businesses Nearby
170k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 50% Dining 28% Groceries 16% Apparel 4%
Kroger Groceries
27,585 visits/mo 0.5 miles
Kum & Go Shops & Services
23,052 visits/mo 0.2 miles
Kroger Fuel Center Shops & Services
14,675 visits/mo 0.5 miles
Wendy's Dining
13,480 visits/mo 0.4 miles
Taziki's Dining
9,759 visits/mo 0.1 miles

Demographics for 72032, AR

34,316
Population
14,255
Households
2.4
Avg Household Size
35
Median Age
27%
College-Educated
94%
High-School Grad
114.5 sq mi
ZIP Area
300
Density / Sq Mi
$61,452
Median Household Income
$36,877
Median Earnings
$976
Median Rent
$183,200
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
Rey
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Similar Off Market Nearby

  • Larry's Pizza Conway 1068 Markham St, Conway, AR 72032

Frequently Asked Questions

What type of property is this?
Conventional restaurant - Restaurant property in a high-growth city.
Where is this conventional restaurant located?
The property is located at 955 E Oak St Conway, AR.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: Corporate guaranty from publicly traded Bloomin’s Brands, Inc. offers a truly passive investment.; Located in Conway, Arkansas, a high‑growth city with a strong community spirit and vibrant economy.; Newer construction: relocation store built in 2017.
More about this property
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