4004 Mooney Blvd Visalia, CA 93277-9306

This exceptional investment opportunity presents a fee interest in a brand-new, freestanding Outback Steakhouse located at the highly visible southeast corner of Mooney Blvd and West Cameron Avenue in Visalia, California. The property boasts a prime location in Tulare County, zip code 93277, offering excellent visibility and accessibility. This is a rare chance to acquire a corporately guaranteed lease with Bloomin’ Brands, Inc., the parent company of Outback Steakhouse, a leading full-service restaurant with over 1,000 locations globally and over $1.98 billion in revenue in 2023. The property features Outback's latest prototype design, showcasing a modern and aesthetically pleasing building. The asking price is $2,600,000, offering a pro-forma cap rate of 6.00% and a pro-forma NOI of $152,000. The lease includes built-in rent increases every five years throughout the initial term and option periods, providing a strong hedge against inflation. This is a truly unique opportunity to acquire a high-quality, passively managed commercial land investment with a strong tenant and significant upside potential. The property is situated at 4004 S Mooney Blvd, Visalia, CA 93277. This NNN lease structure minimizes landlord responsibilities, making it an ideal investment for passive income seekers. The property's location and tenant strength make it a compelling investment opportunity with significant long-term value.