Retail    

LongHorn Steakhouse (Ground Lease)

 Victoria, Texas

Asking Price

$3,100,000

Cap Rate

5.00%

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Expenses

Abs. NNN

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Year Built

2024

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Lease Type

Ground Lease

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NOI

$155,000

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Rent Increases

10% - 12.5%

For more details on this exclusive listing

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INVESTMENT HIGHLIGHTS

  • Corporate Lease | Investment Grade Tenant (S&P:BBB) | $10.5B in Total Sales
  • Brand New Construction | 10-Year Lease | 9.8 Years Remaining Term
  • Ground Lease | 1.38 AC | Absolute NNN | 10%+ Rent Increases
  • Outparcel to Victoria Mall | 4.4+ Million Annual Visits | Bustling Retail Corridor
  • Only LongHorn Steakhouse Within 100 Miles
  • Visible From Zac Lentz Parkway (± 33,186 VPD)
  • Strong Demographics | $100,000+ Average 1-Mile Household Income

Exclusively Listed By

Anne Perrault

Vice President
  aperrault@northmarq.com      918.794.9538

Ryan Butler

Regional Managing Director
  rbutler@northmarq.com   

Brad Moulder

Senior Vice President
  bmoulder@northmarq.com   

David Annett

Associate Vice President
  dannett@northmarq.com   

Brandon Sherrill

Senior Associate
  bsherrill@northmarq.com   

Jacob Ryan

Senior Associate
  jryan@northmarq.com   

Joe Habighorst

Lead Investment Analyst
  jhabighorst@northmarq.com   

Cole Surrett

Investment Analyst
  csurrett@northmarq.com   

Lindsey Vedros

Operations Analyst
  lvedros@northmarq.com   

In Association With:

Brett Butler

TX License #558227

Northmarq

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