Outback Steakhouse · Redding, CA

Outback Steakhouse Absolute NNN

910 Dana Drive · Redding, CA 96003 · QSR / Restaurant

Asking price

$2,577,255

Cap rate

5.50%

NOI

$141,749

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We run the asking price and cap rate against a network of 7,000+ lenders to return indicative terms, then package a lender memorandum. Takes about two minutes and we will need your target leverage and timing.

Lease

Lease typeAbsolute NNN

Term remaining7.2 yrs

Expiration09/2033

Rent bumps10% every 5 Years

Options—

Ground leaseYes

Credit profileFranchisee

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 SF6,163

Price / SF$418

Year built1998

Lot size1.14 ac

TypeQSR/Fast Food, Restaurant, Storefront

Days on market19

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

Absolute Net Ground Lease Featuring a 10% Rental Increase in 2028 and at the Option. 27+ Year Historical Occupancy with Multiple Lease Extensions Demonstrating a Strong Commitment to the Location.

Ranked in the Top 35% in the Chain Nationwide per Placer.ai based on Foot Traffic. Positioned Along Area’s Major Retail & Traffic Corridor: Features Easy Access and Excellent Visibility.

Immediate Access to/from Interstate-5 (70k+ VPD). Densely Populated and Affluent Area: Features an Average Household Income of more than $84k and over 98k People Residing within a 5-Mile Radius.

The Lease is signed by Cerca Trova Steakhouse Operating Over 100+ Locations Across Arizona, California, Colorado, Nevada and New Mexico. Outback Steakhouse as a Whole is among the Leading Casual Dining Restaurants with over 1,000 locations in 23 countries.

Within Mt. Shasta Mall - a Popular Shopping Destination featuring more than 80 Stores. It is one of only Four Malls serving California North of Sacramento - Comprises the Largest gathering of Retailers within a 400 Mile Stretch of Interstate 5.

Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics - More than 400k Sq.Ft. of New Retail Development planned within the Immediate Area.

Surrounded by Numerous National Retailers, including Walmart Supercenter, Target, The Home Depot, Hobby Lobby, BevMo!, PetSmart, T.J. Maxx, Michaels, World Market, Best Buy, Trader Joe’s, WinCo Foods, and many more.

The City of Redding is the Center of Trade and Commerce for the Upstate Region of Northern California. It is the Largest City North of Sacramento and is Strategically Located on I-5, Equidistant Between Seattle and Los Angeles. Minutes from a Proposed New Casino, Hotel and Convention Center - Plans include a 69k Sq.Ft. Casino w/ 1,200 Slot Machines and 36 Game Tables, a 250-Room Hotel, a 1,800-seat event center and a 1,500-seat outdoor amphitheater.

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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.