2400 N Monroe St
Tallahassee, FL 32303
Longhorn Steakhouse | 14yr Abs NNN · Retail Property For Sale

The subject property is strategically located at the signalized, hard corner intersection of Monticello Drive and N. Monroe Street/US Highway 27, with a combined 61,200 vehicles passing by daily. Longhorn Steakhouse features significant frontage along N. Monroe Street/US Highway 27, one of the primary retail corridors traveling directly through the city of Tallahassee. In addition, the asset is less than 1-mile south of Interstate 10, America’s cross-continental thoroughfare traveling from Jacksonville, FL to Los Angeles, CA. The property is positioned directly across from The Centre of Tallahassee, a semi-enclosed mall offering 747,000 SF of retail space anchored by AMC Theatres, Belk, and Ross, providing excellent exposure for the Longhorn Steakhouse restaurant. Nearby national/credit tenants include Publix, Anytime Fitness, Dollar Tree, Staples, Walgreens, and more, further increasing consumer traffic to the area. The subject property is also just 2.5 miles from Florida State University (FSU), with over 42,000 students in attendance, providing Longhorn Steakhouse with a direct student consumer base from which to draw from. The school has an annual budget of $1.7 billion and an annual economic impact of $10 billion, a significant driver of business for the surrounding area. The 5-mile trade area is supported by a population of over 170,500 residents with an average household income of $59,000.