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  5. LongHorn Steakhouse - Vienna, WV
Pictures of Retail property located at 403 Grand Central Ave, Vienna, WV 26105 for sales - image #1
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LongHorn Steakhouse - Vienna, WV

LongHorn Steakhouse | 6.25% CAP | Vienna, WV

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Asking Price: $2,160,000
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Listing Broker NameLouis Oliva
Address 

403 Grand Central Ave, Vienna, WV 26105

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Date Added
Jan 14, 2025
Days on Market
65 days
Time Since Last Update
1 day

Details

Property TypeRetail
SubtypeQSR/Fast Food, Restaurant
Investment TypeNet Lease
Investment Sub TypeNNN (GL)
Lease TypeAbsolute NNN
Tenant CreditCorporate Guarantee
TenancySingle
Brand/TenantLonghorn Steakhouse
Lease Commencement03/01/2022
Lease Expiration02/29/2032
Remaining Term7 years
Square Footage4,658
Price/Sq Ft$463.72
Cap Rate6.25%
Occupancy100%
NOI$135,000
Year Built1972
Lot Size (acres)2.08
Rent Bumps10% every 5 years
APN54-10-0046-0001-0004
Lease Options4 (5-Year)
Ground LeaseYes
OwnershipLeased Fee (Land Ownership)
Sale ConditionFor sale by owner

Investment Highlights

  • ​

    LongHorn Steakhouse (RARE HOSPITALITY INTERNATIONAL, INC. is the lease entity and the entity that owns all LongHorn Steakhouse locations)

  • ​

    Absolute NNN (Ground Lease) | Zero Landlord Responsibilities

  • ​

    10% rental increases every 5 years

  • ​

    Parkersburg-Vienna Metropolitan Area | 4.9 Million Annual Visits (Placer.ai) | Stable Demographics | Close Proximity to Major Employers, Housing and Entertainment Complexes

Valuation Calculator

Valuation Calculator

Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$135,000.00
$11,250.00/mo

Valuation Metrics

0
DSCR
6.25%
Cap Rate
6.25%
ROI

Due Diligence

Due diligence information will be provided.
Please reach out to the listing contacts for details.

Contact

Listing Contacts

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Broker Name
Louis Oliva
Broker License
WV0027510
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