NNN LongHorn Steakhouse - Tampa (Zephyrhills), FL
New Construction | Absolute NNN (Ground Lease) | 10% Increases Every Five Years
Marketing description
Introducing an exceptional investment opportunity in a prime location! The LongHorn Steakhouse property in Zephyrhills, Florida presents a single-tenant absolute NNN ground lease with a brand-new construction. Boasting a flourishing population growth of 5.24% annually, this property is part of a larger retail development in the heart of a rapidly expanding community within the Tampa MSA. Featuring a modern 5,780 SF space on a spacious 1.56 AC land area, this property offers a long-term lease with LongHorn Steakhouse, a renowned national brand with over 600 locations across the country. The attractive lease terms include a 10-year initial lease with four 5-year extension options, providing a secure income stream. With 10% rental increases every 5 years and a high-quality tenant committed to the site, this investment opportunity is positioned for strong returns and sustained growth. Don't miss out on the chance to own a prime commercial asset in a high-demand area with substantial potential for long-lasting success!
Investment highlights
10-year ground lease with 10% rent increases every 5 years and four, five-year renewal options
Brand new 2024/25 construction on large 1.56 acre parcel
LongHorn is part of a larger retail development that includes McDonald’s, Extra Space Storage, Take 5, and Radiant Express Car Wash
High traffic counts fronting Gall Blvd (35,500 VPD)
Positioned between Merchants Square Shopping Center and a Walmart Supercenter (175,800 SF) - Walmart ranked in the 87th percentile and adjacent Publix ranks 76th percentile according to Placer.AI
Adjacent to newly built Illumina Zephyrhills, a 252-unit apartment building completed in 2024
AdventHealth Zephyrhills Hospital (150 beds) less than 1-mile away
Zephyrhills is currently growing at a rate of 5.24% annually and its population has increased by 16.57% since the most recent census
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