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996 Heritage Pass
Davenport, FL 33896 North Polk

$3,611,000 USD

Restaurant For Sale  •  5,600 SF

Property Details

• Property Type Restaurant
• Total Building Size 5,600 SF
• Year Built 2025

0 Transit Score

14 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

Public Transportation

Commuter Rail	Drive	Walk	Distance
Poinciana (SunRail - Florida Department of Transportation)	12 min	-	7.8 mi
Airport	Drive	Walk	Distance
Orlando International	35 min	-	26.4 mi