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996 Heritage Pass
Davenport, FL 33896 North Polk

Price Upon Request

Restaurant For Sale  •  4,757 SF

Property Details

  • Property Type Restaurant
  • Total Building Size 4,757 SF
  • Lot Size 1.11 AC
  • Building Class B
  • Year Built 2024
  • Tenancy Single
0 Transit Score
17 Walk Score

Highlights

15-Year Absolute NNN Ground Lease with No Landlord Responsibilities
10% Rental Increases Every 5 Years Throughout the Base Term and Options
Corporate Guaranty by Outback Steakhouse of Florida (694+ Locations), Wholly Owned Subsidiary of Bloomin’ Brands (NASDAQ: BLMN)
Bloomin’ Brands is One of the World’s Largest Casual Dining Companies with $3.95 Billion in Revenue
Significant Capital Investment by Tenant to Build Restaurant, Average Cost is Approximately $3-6 Million
Average Unit-Level Sales for New Outback’s are $6 Million, Equates to a 3.25% Rent-to-Sales Ratio at This Location

Amenities

  • Air Conditioning

Public Transportation

Commuter RailDriveWalkDistance
12 min - 7.8 mi
AirportDriveWalkDistance
Orlando International 36 min - 26.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 21
Type: Surface
Included in Rent: Yes