450 Montgomery Mall - 450 Montgomery Mall, North Wales, PA 19454

• Outback Steakhouse is on a corporately guaranteed, NNN ground lease with ten percent (10%) increases every five (5) years, including the option periods.. • Outback Steakhouse is currently a part of the 1.1 million square foot Montgomery Mall along U.S. Route 309 and adjacent to U.S. Route 202. U.S. Route 309 (39,000 VPD) and U.S. Route 202 (20,000 VPD) are major thoroughfares in the active retail corridor.. • Within three miles of the property, there is over 10.4 million square feet of industrial space, 3.75 million square feet of office space and 4.8 million square feet of retail, further exemplifying this corridor as a central location for all commercial property types.. • The most recent quarter has been strong for Outback Steakhouse and its parent company, Bloomin’ Brands Inc. As of the end of Q2 2023, total revenues for Bloomin’ Brands Inc. exceeded $2.3B YTD, an increase of approximately 6% from the same period in the year prior.. • In addition to the surrounding retailers at the Wegman’s anchored Montgomery Mall, Outback Steakhouse is surrounded by a host of nearby, national retailers along Bethlehem Pike (PA-309) such as: Costco, The Home Depot, Lowe’s, Target, BJ’s, TJ Maxx, GIANT, Dollar Tree, HomeGoods, Old Navy, PetSmart, Michaels, Best Buy, Texas Roadhouse, Wawa, CVS, Walgreens, AutoZone, Mavis Discount Tire, Kirkland’s, DSW, Golf Galaxy, Esports, Chick-Fil-A, Chipotle, Starbucks, McDonald’s demonstrating the strength of the retail corridor.. • Just twenty-five (25) miles Northwest of Philadelphia, Outback Steakhouse is located within the densely populated and affluent Montgomery County, which is the 2nd wealthiest county in the State of Pennsylvania. There are over 154,000 residents within five miles of the property with an average household income of $159,000.