Outback Steakhouse Secures Mortgage
by July 27, 1998 12:00 am 83 views
The building that houses the Outback Steakhouse at 4802 S. Thompson St. in Springdale was mortgaged June 19 for $400,000.
The Country Club Center LLC received the mortgage from Community Bank of Fayetteville. The loan was signed by Ben Israel and his wife, Nancy, and his brother Roger Israel and his wife, Judy, all as managers of the company.
Israel owns the building and 1.5 acres of land and leases it to the restaurant operators. The 6,224-SF restaurant was built in 1996 and appraised last year for $455,400.