5877 State Rte 100 East | Palm Coast, FL 32164
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This Retail Property is no longer advertised on LoopNet.com.
5877 State Rte 100 East
Palm Coast, FL 32164
LongHorn Steakhouse (Darden) · Retail Property For Sale

INVESTMENT HIGHLIGHTS
- Investment-grade credit tenant with long-term lease (Darden, S&P: BBB)
- Attractive 10% rent increases every 5 years
- Part of the new Cornerstone at Seminole Woods shopping center anchored by BJ’s Wholesale Club and home to Chick-fil-A, Chase Bank and Miller’s Ale
- LongHorn is Darden’s 2nd largest revenue source contributing 25% of the $10.5 billion in total sales for 2023
- Absolute NNN ground lease – No landlord management obligations
- NO STATE INCOME TAX, Florida is the Highest Net Domestic Migration/Growth State in the U.S.
PROPERTY FACTS
Property Type
Retail
Property Subtype
- Restaurant
- General Retail Freestanding
Building Size
5,780 SF
Building Class
B
Year Built
2025
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.61 AC
Zoning
PUD
Parking
116 Spaces (20.07 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 08-12-31-0650-000B0-0074 | Improvements Assessment | $1,916,928 |
| Land Assessment | $620,356 | Total Assessment | $2,537,284 |
PROPERTY TAXES
Parcel Number
08-12-31-0650-000B0-0074
Land Assessment
$620,356
Improvements Assessment
$1,916,928
Total Assessment
$2,537,284
Listing ID: 32029795
Date on Market: 6/5/2024
Last Updated:
Address: 5877 State Rte 100 East, Palm Coast, FL 32164
The Retail Property at 5877 State Rte 100 East, Palm Coast, FL 32164 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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