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Outback Steakhouse 225 Fort Evans Rd NE

4,988 SF Retail Building Leesburg, VA 20176 $4,070,000 ($816/SF) 5% Cap Rate

Restaurants Virginia Leesburg 225 Fort Evans Rd NE, Leesburg, VA 20176

Investment Highlights

  • Outback Steakhouse in Prime Washington, DC MSA Suburban Market
  • Coveted Location in Leesburg (Loudoun County), VA - Consistently Ranked the Wealthiest County in the U.S.
  • Long Term Corporate NNN Ground Lease with 10% Bumps Every 5 Years
  • Strategic Location as Pad Site to Leesburg Premium Outlets - Leesburg Premium Outlets Attracts Over 3.1M Visitors Per Year
  • Superior Demographics - Population exceeding 100,000 and AHHI over $172,000 within a 5-mile Radius
  • High Barrier to Entry Market

Executive Summary

NNN Pro is pleased to present the exclusive listing for an Outback Steakhouse located at 225 Fort Evans Rd, Leesburg, VA 20176. The site consists of roughly 4,988 rentable square feet of building space on an estimated 1.1-acre parcel of land. This Outback Steakhouse is subject to a 15-year Ground lease, which commenced 8/23/2021.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,988 SF
Building Class
B
Year Built
2021
Price
$4,070,000
Price Per SF
$816
Cap Rate
5%
NOI
$203,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Land Acres
1.10 AC
Zoning
LBB3 - Limited business single tenant
Parking
177 Spaces (35.49 Spaces per 1,000 SF Leased)
Frontage
198 FT on Fort Evans Road Northeast

Amenities

  • Restaurant
  • Signage
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225 Fort Evans Rd NE, Leesburg, VA - aerial map view

Nearby Major Retailers

Outback Steakhouse
WW
Sprouts Farmers Market
Five Guys
Pure Barre
Starbucks
Trader Joe's
Aqua-Tots Swim Schools
Green Leaf's & Bananas
Villa Restaurant Group

PROPERTY TAXES

Parcel Number 188-10-1583 Improvements Assessment $1,297,510
Land Assessment $1,282,000 Total Assessment $2,579,510

PROPERTY TAXES

Parcel Number
188-10-1583
Land Assessment
$1,282,000
Improvements Assessment
$1,297,510
Total Assessment
$2,579,510
(332) 345-4222

  • Listing ID: 33593890

  • Date on Market: 10/22/2024

  • Last Updated:

  • Address: 225 Fort Evans Rd NE, Leesburg, VA 20176

More public record information on 225 Fort Evans Rd NE, Leesburg, VA 20176

The Retail Property at 225 Fort Evans Rd NE, Leesburg, VA 20176 is currently available For Sale. Contact NNN Pro Group for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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225 Fort Evans Rd NE, Leesburg, VA for sale Building Photo- Image 1 of 3
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225 Fort Evans Rd NE, Leesburg, VA for sale Aerial- Image 2 of 3
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Outback Steakhouse | 225 Fort Evans Rd NE
(332) 345-4222 x

Outback Steakhouse | 225 Fort Evans Rd NE

1/3

Glen Kunofsky

(332) 345-4222

(332) 345-4222

David Weber

(703) 783-6151

(703) 783-6151

Kenneth Tamres

(703) 408-1577

(703) 408-1577

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