LONG TERM ABSOLUTE NNN GROUND LEASE

OUTBACK STEAKHOUSE
$75K HHI | HIGH GROWTH MARKET | PUBLIX OUT PARCEL IN NAPLES FL
SINGLE TENANT INVESTMENT OPPORTUNITY

Representative Photo

F O R M O R E I N F O R M AT I O N C O N TA C T:

Mark Drazek
Senior Vice President
Net Lease Property Group
+1 407 839 3123
mark.drazek@cbre.com
CBRE, Inc. | Licensed Real Estate Broker

CONFIDENTIAL MEMORANDUM & DISCLAIMER

This Offering Memorandum was prepared by CBRE, Inc. (Broker) solely for the use of prospective purchasers of Outback Steakhouse 9975 Triangle Boulevard, Naples, FL
34113 (the Property). Neither the Broker nor the owner of the Property (Owner) makes any representation or warranty, expressed or implied, as to the completeness or accuracy
of the material contained in the Offering Memorandum.

Disclaimer

Outback Steakhouse 9975 Triangle Blvd, Naples, FL

Prospective purchasers of the Property are advised that changes may have occurred in the physical or financial condition of the Property since the time this Offering Memorandum or
the financial statements therein were made by Broker and not by Owner and are based upon assumptions or events beyond the control of Broker and Owner, and therefore may be
subject to variation. Other than historical revenue and operating expense figures for the Property, Owner has not, and will not, provide Broker or any prospective purchaser with any
income or expense figures, budgets, or projections regarding the Property. Prospective purchasers of the Property are advised and encouraged to conduct their own comprehensive
review and analysis of the Property.
The Offering Memorandum is a solicitation of interest only and is not an offer to sell the Property. The Owner and Broker expressly reserve the right, at their sole discretion, to reject
any or all expressions of interest or offers to purchase the Property, and expressly reserve the right at their sole discretion, to terminate discussions with any entity at any time with
or without notice. The owner shall have no legal commitment or obligations to any entity reviewing the Offering Memorandum or making an offer to purchase the Property unless
and until such offer for the Property is approved by owner pursuant to its Finance Committee authorities and the signature of the Vice President or Owner is affixed to a Real Estate
Purchase Agreement prepared by Owner. This Offering Memorandum is confidential. By accepting the Offering Memorandum, you agree (i) that you will hold and treat the Offering
Memorandum and its contents in the strictest of confidence, (ii) that you will not photocopy or duplicate any part of the Offering Memorandum, (iii) that you will not disclose the
Offering Memorandum or any of its contents to any other entity without the prior written authorization of the Owner, and (iv) that you will not use the Offering Memorandum in any
fashion or manner detrimental to the Owner or Broker.
2015 CBRE, Inc. We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or
representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without
notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and
legal advisors should conduct your own investigation of the property and transaction. Licensed Real Estate Broker.
CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document
are the property of their respective owners.

EXECUTIVE SUMMARY

Executive Summary

Outback Steakhouse 9975 Triangle Blvd, Naples, FL

The CBRE Net Lease Property Group is pleased to present this long term NNN Outback Steakhouse ground lease located in highly desirable Naples, Florida. This new Outback Steakhouse on an out parcel to the areas dominant Publix
anchored shopping center and provides fixed rental increases and no landlord management obligations. This is a rare
single tenant deal where the purchase price is less than replacement value providing tremendously sound fundamentals.
INVESTMENT HIGHLIGHTS:

Price:

$2,210,000

Long term lease with Outback Steakhouse

Annual Rent:

$105,000

PRICE IS LESS THAN REPLACEMENT VALUE

Cap Rate:

4.75%

Out parcel to very busy Publix shopping center

Tenant:

Outback Steakhouse of Florida, LLC

Brand new construction

Rental Increases:

10% every 5 years

Fixed rental increases over initial term and options

Initial Lease Term:

9 years remaining

No landlord management obligations

Options:

(4) 5-year options

Very desirable Southwest Florida location Naples, FL

Rent Commencement:

April 30, 2014

Average household income of $75K and 22% population

Landlord Obligations:

None Absolute NNN ground lease

Existing Financing:

No debt to assume

Building Size:

6,831 SF

Land Size:

1.04 Acres

Year Built:

2014

growth over last five years

Florida has NO STATE INCOME TAX

Representative Photo

Outback Steakhouse 9975 Triangle Blvd, Naples, FL

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Aerial Photographs

AERIAL PHOTOGRAPHS

Site Plan

Outback Steakhouse 9975 Triangle Blvd, Naples, FL

SITE PLAN

Property Locator Maps

Outback Steakhouse 9975 Triangle Blvd, Naples, FL

PROPERTY LOCATOR MAPS

Property Locator Maps

Outback Steakhouse 9975 Triangle Blvd, Naples, FL

PROPERTY LOCATOR MAPS

Property Locator Maps

Outback Steakhouse 9975 Triangle Blvd, Naples, FL

PROPERTY LOCATOR MAPS

Demographics

Outback Steakhouse 9975 Triangle Blvd, Naples, FL

DEMOGRAPHICS

2015 Estimated Population

2020 Projected Population
2010 Census Population
2000 Census Population
Growth 2010-2015
Growth 2015-2020
2015 Estimated Households
2015 Est. Average Household Income
2020 Prj. Average Household Income
2000 Cen. Avg. Household Income
2015 Est. Average Household Size
2015 Est. Median Household Income
2020 Prj. Median Household Income
2000 Cen. Median Household Income
2015 Estimated Median Age
2015 Estimated Average Age
2015 Estimated Males
- Males Median Age
- Males Average Age
2015 Estimated Females
- Females Median Age
- Females Average Age
2015 Estimated Population by Race and Origin
- White Population
- Black Population
- Asian Population
- Pacific Islander Population
- American Indian and Alaska Native
- Other Race Population
- Two or More Races Population
- Hispanic Population
- White Non-Hispanic Population
2015 Est. Median Housing Value
2015 Est. Average Housing Value
Active Postal Delivery Counts
Possible Postal Delivery Counts
Employees
Establishments

1 mile radius

3 mile radius

5 mile radius

4,524
5,196
3,694
1,164
22.45%
14.85%
1,794
$74,992
$78,125
$57,797
2.54
$50,248
$51,996
$35,090
45.16
43.66
2,223
44.95
43.11
2,300
45.37
44.07
4,524
2,916
974
19
0
28
512
76
1,507
2,003
$278,033
$373,217
2,490
2,494
2,817
237

24,456
26,926
21,590
14,358
13.27%
10.10%
9,766
$72,152
$75,634
$56,335
2.52
$49,882
$51,939
$37,964
45.53
44.38
12,196
44.10
43.89
12,260
47.08
44.71
24,456
17,903
3,563
161
8
130
2,211
480
8,334
12,291
$224,381
$327,504
13,391
13,438
9,100
723

46,147
50,379
41,358
31,222
11.58%
9.17%
19,856
$68,134
$70,658
$57,497
2.28
$48,902
$50,574
$40,018
53.71
48.78
22,616
51.65
48.37
23,531
55.55
49.08
46,147
36,710
4,995
394
19
194
3,064
772
11,494
28,980
$199,362
$286,572
27,549
28,044
14,969
1,627

TENANT DESCRIPTION

Outback Steakhouse

www.outbacksteakhouse.com

Outback Steakhouse is an Australian themed steakhouse restaurant. Although beef and steak items make up a good
portion of the menu, the concept offers a variety of chicken, ribs, seafood, and pasta dishes. The Company's strategy is
to differentiate its restaurants by emphasizing consistently high-quality food and service, generous portions at moderate
prices and a casual atmosphere suggestive of the Australian Outback.

Tenant Description

Outback Steakhouse 9975 Triangle Blvd, Naples, FL

Bloomin' Brands, Inc., headquartered in Tampa, Florida was founded in 1988 by those who believe in hospitality, sharing,
quality, being courageous and having fun! Bloomin' Brands, Inc., is a company of restaurants that owns and operates
Outback Steakhouse, Carrabba's Italian Grill, Bonefish Grill and Fleming's Prime Steakhouse & Wine Bar.

SINGLE TENANT INVESTMENT OPPORTUNITY

LONG TERM ABSOLUTE NNN GROUND LEASE

OUTBACK STEAKHOUSE
$75K HHI | HIGH GROWTH MARKET | PUBLIX OUT PARCEL IN NAPLES FL

F O R M O R E I N F O R M AT I O N C O N TA C T:

Mark Drazek
Senior Vice President
Net Lease Property Group
+1 407 839 3123
mark.drazek@cbre.com
CBRE, Inc. | Licensed Real Estate Broker