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3980 W 306 Loop
San Angelo, TX 76904
LongHorn Steakhouse · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- New 11-year absolute NNN lease to Longhorn Steakhouse, one of the largest steakhouse chains in the U.S
- Tenant covers all taxes, insurance, and maintenance, including roof, structure, and parking lot, providing a fully passive investment
- LongHorn Steakhouse owner Darden Restaurants is planning to open 40-45 new Olive Garden and LongHorn Steakhouse locations in the next year
- 10% rental increases every five (5) years starting after year six (6) in initial term and option periods, ensuring consistent income growth
- LongHorn Steakhouse’s sales reached $3.03 billion in 2024, a 7.8% increase compared to the previous year
- New 5,780-SF build-to-suit restaurant constructed in 2025 and tailored to LongHorn Steakhouse’s specific operational needs
EXECUTIVE SUMMARY
Prime Retail Location: High-visibility and easily accessible location along West Loop 306, a major San Angelo thoroughfare (41,045 AADT). Reliable Tenancy: LongHorn Steakhouse’s sales reached $3.03 billion in 2024, a 7.8% increase compared to the previous year. Strong Demographic Base: The five-mile radius serves a populous region of
74,976, with an average annual household income of $92,467 within one mile. Strong Traffic Drivers: Surrounded by an excellent mix of local and national retailers, including Walmart Supercenter, Lowe’s Home Improvement, The Home Depot, H-E-B, Harbor Freight, Petco, and many more. Zero Management Responsibilities: Absolute NNN lease structure transfers maintenance and expense obligations to tenant, including roof, structure, and parking lot. Growing Market Dynamics: Projected population and income increases within 1-, 3-, and 5-mile radii over the next five years poise this LongHorn Steakhouse and San Angelo for steady concurrent growth.
74,976, with an average annual household income of $92,467 within one mile. Strong Traffic Drivers: Surrounded by an excellent mix of local and national retailers, including Walmart Supercenter, Lowe’s Home Improvement, The Home Depot, H-E-B, Harbor Freight, Petco, and many more. Zero Management Responsibilities: Absolute NNN lease structure transfers maintenance and expense obligations to tenant, including roof, structure, and parking lot. Growing Market Dynamics: Projected population and income increases within 1-, 3-, and 5-mile radii over the next five years poise this LongHorn Steakhouse and San Angelo for steady concurrent growth.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,780 SF
Building Class
B
Year Built
2025
Price
$3,273,000
Price Per SF
$566.26
Cap Rate
5.50%
NOI
$180,015
Tenancy
Single
Building Height
1 Story
PROPERTY TAXES
| Parcel Number | 25-45950-0050-009-00 | Improvements Assessment | $0 |
| Land Assessment | $150,260 | Total Assessment | $150,260 |
PROPERTY TAXES
Parcel Number
25-45950-0050-009-00
Land Assessment
$150,260
Improvements Assessment
$0
Total Assessment
$150,260
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