5877 State Rte 100 East | Palm Coast, FL 32164
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- LoopNet Team
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
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
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