Listed by Northmarq Capital, LLC
$2,953,000
LongHorn Steakhouse (Ground Lease)
Details
Property Type Retail
Sub Type Restaurant
Square Footage 5,775
Net Rentable (SqFt) 5,775
Cap Rate 5.25%
NOI $155,000
Tenancy Single
Brand/Tenant Longhorn Steakhouse
Lease Type Absolute NNN
Lease Term 10.1
Lease Expiration 03/31/2034
Remaining Term 7.7
Rent Bumps Yes
Lease Options Four (4) Five (5) Year Options
Price per SqFt $511
Year Built 2024
Buildings 1
Stories 1
Acreage 1.380
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 03/11/2024
Ground Lease Yes
Ownership Fee Simple
Corporate Lease | New Construction | Outparcel to Victoria Mall
Investment highlights
Corporate Lease | Investment Grade Tenant (S&P:BBB) | $11.4B in Total Sales
Brand New Construction | 10-Year Lease | 8+ Years Remaining Term
Ground Lease | 1.38 AC | Absolute NNN | 10%+ Rent Increases
Outparcel to Victoria Mall | 4.4+ Million Annual Visits1 | Bustling Retail Corridor
Only LongHorn Steakhouse Within 100 Miles
Visible From Zac Lentz Parkway (± 33,186 VPD)
Strong Demographics | $108,000+ Average 1-Mile Household Income
Listing Contacts
Listed by Northmarq Capital, LLC
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$155,000.00
$12,916.67/mo
Valuation Metrics
0
DSCR
5.25%
Cap Rate
5.25%
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
