This exceptional investment opportunity presents a 4,988 square foot Outback Steakhouse located at 225 Fort Evans Rd, Leesburg, VA 20176, within the affluent Loudoun County, a consistently top-ranked wealthiest county in the U.S. The property sits on a 1.1-acre lot and is a pad site to the Leesburg Premium Outlets, attracting over 3.1 million visitors annually. This single-tenant, ground lease property boasts a 100% occupancy rate with a strong corporate guarantee from Bloomin' Brands, Inc. The current lease, a Net Lease (NNN) agreement, commenced August 23, 2021, and has a remaining term of approximately 12 years, expiring August 31, 2036. The lease includes three, 5-year renewal options and features a 10% rent increase every five years, ensuring consistent income growth. The property's Net Operating Income (NOI) is $203,500, resulting in a 5.00% cap rate. Built in 2021, this one-story building is situated in a high barrier-to-entry market, with the Route 15 corridor in Leesburg experiencing high demand and limited pad site availability. The superior demographics, with a population exceeding 100,000 and an average household income over $172,000 within a 5-mile radius, further solidify this investment's potential. The asking price for this exceptional property is $4,070,000.
Highlights
Outback Steakhouse in affluent Leesburg, VA, a prime Washington, DC MSA suburban market.
Pad site at Leesburg Premium Outlets, attracting over 3.1 million annual visitors.
Located in Loudoun County, VA, consistently ranked the wealthiest county in the U.S.
Strong demographics: over 100,000 population and $172,000+ average household income within 5 miles.
NNN ground lease with Bloomin' Brands, Inc., 10% rent increases every 5 years, nearly 12 years remaining.
High-demand, limited-supply pad site in Leesburg's desirable Route 15 commercial corridor.
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Contacts
Ken Tamres
David Weber
Glen Kunofsky
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225 Fort Evans Rd, Leesburg, Virginia, 20176
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
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225 Fort Evans Rd
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