3531 US-280 · Phenix City, AL 36870 · QSR / Restaurant
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Reliable Tenancy: Outback Steakhouse is a globally recognized steakhouse chain with over 670 locations.
Strong Demographic Base: The five-mile radius serves a populous region of 97,654, with an average annual household income of $74,526.
New Retail Development: Located within a newly constructed 11.6-acre retail development which includes strong traffic drivers, including Starbucks, Chipotle, Valvoline, and Peachtree Immediate Care.
New Construction: 2025 construction built to the latest Outback Steakhouse prototype.
Growing Market Dynamics: Projected income increases within 1-, 3-, and 5-mile radii over the next five years poise this Outback Steakhouse and Phenix City for steady concurrent growth.
New 12-year absolute NNN corporate ground lease, backed by 670+ locations.
10% rental increases through initial term and option periods, ensuring consistent income growth.
Absolute NNN ground lease requires zero landlord maintenance, ideal for a potential out-of-area investor.
Parent company, Bloomin’ Brands, Inc. (NASDAQ: “BLMN”) Q3 2025 results showed total quarterly revenues rising from $910M to $929M compared to Q3 2024, reflecting top-line growth momentum during 2025.
Across the street from the #1 most highly trafficked Walmart in the entirety of Alabama.
Located within a newly constructed 11.6-acre retail development which includes strong traffic drivers, including Starbucks, Chipotle, Valvoline, and Peachtree Immediate Care.
Highly visible and easily accessible location along U.S. Route 280, allowing for prime site visibility (33,899 AADT).
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Asking-market observation aggregated from public listing sources, last observed Sep 25, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.