1600 W Pinhook Rd
Lafayette, LA 70508

CBRE' S NET LEASE PROPERTY GROUP is pleased to exclusively offer a 6,122-square-foot freestanding Outback Steakhouse on 1.67 acres in Lafayette, Louisiana. Lafayette, LA is the primary city within the Lafayette, LA MSA (Population: ±490,000), which is part of the Lafayette-Opelousas-Morgan City CSA (Population: ±627,000) and lies just 60 miles southwest of Baton Rouge and 135 miles west of New Orleans. At closing, Outback Steakhouse will execute a new 15-year absolute NNN lease with 1.00% annual rent increases. This property offers investors the opportunity purchase a net leased asset leased on a long-term NNN basis to one of the country' s premier casual dining operators. The property is ideally positioned at the intersection of West Pinhook Road (Traffic Count: 50,525 VPD), which is one of Lafayette' s chief north-south arteries, and La Rue France, just two miles west of the Lafayette Regional Airport. Outback Steakhouse is also immediately adjacent to an 82-room Fairfield Inn & Suites Hotel, across from the 290-room Wyndham Garden and within a commercial cluster that includes two multi-tenant office buildings, an 80-room Comfort Suites, a 118-room Staybridge Suites, Hertz, Enterprise Rent-A-Car and Chili' s Grill & Bar among other retailers. Additionally, the property benefits from its position within the area' s dominant retail and commercial corridor, as there are 5.1 MSF of retail, 6.3 MSF of office and 8,359 multifamily units within a 3-mile radius.