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4758 Highway 90
Pace, FL 32571
Longhorn Steakhouse Ground Lease · Retail Property For Sale
Investment Highlights
- New 10-year absolute NNN ground lease to Longhorn Steakhouse, one of the largest steakhouse chains in the U.S.
- In March 2024, the ACSI reported LongHorn Steakhouse hit 80% in taste favorability, surpassing Texas Roadhouse and well ahead of Outback Steakhouse.
- 10% rental increases every five (5) years in initial term and option periods, offering projected growth over a long-term investment
- Same-restaurant sales grew 4% year-over-year at LongHorn Steakhouse in Q1 2024
Property Facts
Property Type
Retail
Property Subtype
Building Size
6,000 SF
Building Class
B
Year Built
2024
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.60 AC
Zoning
HCD
Parking
125 Spaces (20.83 Spaces per 1,000 SF Leased)
Frontage
276’ on U.S. 90
Amenities
- Air Conditioning
Property Taxes
| Parcel Number | 11-1N-29-0000-02300-0000 | Improvements Assessment | $3,052,804 |
| Land Assessment | $374,100 | Total Assessment | $3,426,904 |
Property Taxes
Parcel Number
11-1N-29-0000-02300-0000
Land Assessment
$374,100
Improvements Assessment
$3,052,804
Total Assessment
$3,426,904
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