Outback Steakhouse - Wilson, NC

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the brand-new construction Outback Steakhouse located at 3601 Raleigh Road Parkway West in Wilson, North Carolina (“Property” or “Asset”). Outback will operate on a 15-year absolute NNN ground lease with 10.0% rent increases every 5 years, four, five-year renewal options and zero landlord responsibilities.

Located 40 miles east of Raleigh, Wilson is the 23rd most populous city in North Carolina and the county seat of Wilson County. Regarded by many as the best location in town, Outback is positioned at the heavily trafficked intersection of Raleigh Road Parkway and Airport Blvd with direct visibility to nearly 50,000 vehicles per day. Outback Steakhouse sits as an outparcel to Heritage Crossing, a 311,000+ square foot shopping centerthat generates 4.9 million visits annually and ranks in the top 4% of most visited shopping centers in North Carolina and the top 5% across the nation (Placer.ai).