Outback Steakhouse Forney, TX

560 W US Hwy 80
Forney, TX

Price: $3,364,485
Cap Rate: 5.35%
NOI: $180,000
Building Size: Approx. 4,694 Sq. Ft.
Lot Size: Approx. 1.36 Acres
Type: Single-Tenant / Retail
Sub Category: Casual Dining
Year Built: 2024

Investment Overview

  • 2024 Construction. 4,694+/- SF Building on 1.36+/- Acre Site
  • 10-Year Ground Lease with 10% Rental Increases Every 5 Years, In Primary Term & Options, Plus (4), 5-Year Options to Renew
  • Located Along U.S. Highway 80 (56,000+ VPD), Primary East–West Arterial Connecting Forney Directly to Downtown Dallas (~18 Miles)
  • Anchored by Kroger (Ranked #6, Top 3% in TX & #25, Top 2% in U.S.), Walmart Supercenter (2M+ Visitors/Yr), & Near Many Other National Brands
  • Near The Villages at Gateway, a ±120-AC Retail Development Anchored by Home Depot, H-E-B (131,000 SF), Target, & More
  • National Credit Tenant: Outback Steakhouse Operates Under Bloomin’ Brands, Inc.: ,450+ Stores Worldwide & $4.5B+ in Revenue
  • Forney | One of the Fastest-Growing Cities in Texas & DFW MSA | Population: 38,532+; MSA: 8.3M+

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