Outback Steakhouse 245 State Rte 312

Investment Highlights

Proven Long Term NNN Corp. Lease by Outback Steakhouse - Part of Bloomin Brands (NASDAQ: BLMN) Bloomin' Brands is one of Largest Casual Dining Companies in World - 1450+ Sites in 47 States ($2.15B) Zero LL Duties with Strong Guarantee - 1% Annual Bumps - Large 1.72 Acre Parcel - Strong Sales! High Profile Site in Dense Retail Trade Corridor - Surrounded by Lowe?s, Home Depot, Walmart, ALDI Affluent Coastal Community outside of Jacksonville FL - One of the Fastest Growing States in the U.S. Low Downside Risk with over 17 Year Track Record - Pride of Ownership Asset - Recent Prototype Refresh

Executive Summary

The Snyder Carlton National Net Lease Team is pleased to present an opportunity to purchase a single tenant absolute NNN leased retail asset fully occupied by Outback Steakhouse in St. Augustine, FL. Blooming Brands, which owns Outback Steakhouse, Carrabba?s Italian Grill, Bonefish Grill, Fleming?s Prime Steakhouse & Wine Bar and Aussie Grill by Outback, operates over 1,450 restaurants worldwide with 87,000+ team members. With over 17 years of successful operating history at this location, 7+ Lease years remaining in the primary term, four 5-year option periods, and annual rental increases, this is an excellent opportunity for an investor seeking zero landlord responsibilities and years of inflation resistant cash flows.The 6,115 SF building on a 1.72-acre parcel is located on Florida State Road 312 (38,5000 VPD) with great access from Dixie Highway (41,900 VPD) and is positioned in St. Augustine?s premier retail corridor with countless national retailers including Walmart Supercenter, Target, The Home Depot, Lowe?s Home Improvement, Walgreens, CVS, Publix, ALDI, Starbucks, McDonald?s, Chickfil-A and more.This is a wonderful opportunity to acquire an absolute NNN leased retail asset in St. Augustine?s busiest retail corridors with zero landlord responsibilities, annual rent increases, a corporate backed lease and strong demographics providing years of worry-free income.

• Sale Type    Investment
• Property Type    Retail
• Property Subtype    Restaurant
• Building Size    6,115
• Building Class    B
• Year Built    1994
• Price    4,745,000
• Price Per SF    776
• Cap Rate    5.25
• NOI    249,132
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.08
• Land Acres    1.72 AC

• Dedicated Turn Lane
• Pylon Sign
• Signalized Intersection