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Virtual Drive-By

Outback Steakhouse Absolute NNN

955 E Oak St · Conway, AR 72032 · QSR / Restaurant

Asking price
$2,650,000
Cap rate
7.01%
NOI
$185,896

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Lease

Lease typeAbsolute NNN
Term remaining6.3 yrs
Expiration10/2032
Rent bumps10% Every 5 Years
Options—
Ground lease—
Credit profile—
TenancySingle

Planning a 1031 Exchange

Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.

Property

Building SF6,497
Price / SF$458
Year built2017
Lot size—
TypeRestaurant
Days on market97

Need year-one bonus depreciation

Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.

Investment highlights

  • ​Conway is currently experiencing a significant wave of industrial and commercial expansion
  • ​Rare Corporate Guaranty from Bloomin' Brands, Inc. (NASDAQ: BLMN)
  • ​2.5 Miles from University of Central Arkansas (11,700 Students)
  • ​84,700 Daytime Employees in Trade Area
  • ​578 Hotel Rooms within Walking Distance
  • ​Relocation Store Built in 2017
  • ​6.5 Years Corporate Ground Lease Remaining

Property overview

Marcus & Millichap is pleased to offer Outback Steakhouse for sale in Conway, Arkansas.​ The property is a relocation store, built in 2017, and building is 6,497 square feet on 1.47-acre land.​

Conway’s strong community spirit, high-performing schools and colleges, family friendly recreation, and vibrant economy attract visitors, residents, and businesses to the city.​ It is this quality of life in Conway and the surrounding area that has made Faulkner County the 72nd fastest-growing county in the nation, out of 3,007 counties, according to the U.​S.​ Census Bureau.​ Conway has three institutions of higher learning - the University of Central Arkansas, Central Baptist College, and Hendrix College - that produce graduates who choose to stay in the area and enter the workforce.​ As a result, nearly 40 percent of Conway’s adults have a post-secondary degree.​ This educational level is a boon to employers in all sectors, and Conway has a variety - manufacturing, education, health services, and technology and information services, to name a few.​ As of 2026 Q1, unemployment rate is 3.7% compared to 4.1% US, and Y-O-Y sales growth is 5.49% compared to 2.1% US.​ Job growth rate is HIGH compared to Stabilizing US.​

Outback Steakhouse in high-growth city of Conway, Arkansas is a good fit for those that are looking for truly passive investment with the corporate guaranty from the publicly traded Bloomin’s Brands, Inc.​

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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.