Outback Steakhouse

Corpus Christi, Texas, known as the "Sparkling City by the Sea," is a vibrant coastal city in South Texas with miles of beaches and a humid subtropical climate, making it a hotspot for outdoor activities like surfing, fishing, and boating. The economy is driven by petrochemicals, shipping, tourism, healthcare, education, and the military. The Port of Corpus Christi is one of the largest in the U.S., playing a key role in global energy exports. The city is also home to Naval Air Station Corpus Christi, a major aviation training center, and Texas A&M University-Corpus Christi, which contributes to education and research. Popular attractions include Padre Island National Seashore, USS Lexington Museum, Texas State Aquarium, and the Selena Museum. Ongoing developments like the new Harbor Bridge, set to be the largest cable-stayed, concrete-segmental bridge in the U.S., reflect the city's continued growth. With a mix of economic strength, coastal beauty, and cultural landmarks, Corpus Christi offers a unique place to live, work, and visit.This is an excellent opportunity to acquire an Outback Steakhouse location in Corpus Christi, Texas, secured by an absolute NNN ground lease. The lease is corporately guaranteed with zero landlord responsibilities, and the tenant has already exercised their first 5-year renewal option early, demonstrating long-term commitment. Additionally, the tenant is investing in a remodel, further reinforcing their commitment to the location. There is an additional 5-year renewal option remaining, which includes a 10% rent increase. The property boasts prime visibility along S Padre Island Dr (21,000 VPD), a key section of Corpus Christi’s main retail corridor, which runs along TX-358 (111,000 VPD). This high-traffic area is home to several major shopping centers, including La Palmera Mall, featuring top retailers such as Dillard’s, Macy’s, JCPenney, H&M, and Dave & Buster’s. Just nearby, Moore Plaza serves as another major retail hub with anchors like H-E-B, Target, Stein Mart, PetSmart, Marshalls, Old Navy, Hobby Lobby, Office Depot, and The Home Depot, while Island Gate Plaza, home to Best Buy and Ross Dress for Less, further enhances the area’s strong retail presence. The site is also just 6 miles from Texas A&M University-Corpus Christi, a growing university with over 10,000 students, adding to the area's strong daytime population. Surrounding the property are several national-brand hotels, including Tru by Hilton, Residence Inn, Embassy Suites, Hampton Inn & Suites, Staybridge Suites, and Courtyard by Marriott, ensuring a steady flow of visitors and business travelers. Additionally, the property benefits from strong 3-mile demographics, with 125,717 residents and an average household income of $80,000.