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LongHorn Steakhouse (Ground Lease) 7306 NE Zac Lentz Pky 5,775 SF Retail Building Victoria, TX 77904 $2,953,000 ($511.34/SF) 5.25% Cap Rate
Investment Highlights
- Corporate Lease | Investment Grade Tenant (S&P:BBB) | $11.4B in Total Sales
- Ground Lease | 1.38 AC | Absolute NNN | 10%+ Rent Increases
- Only LongHorn Steakhouse Within 100 Miles
- Brand New Construction | 10-Year Lease | 9 Years Remaining Term
- Outparcel to Victoria Mall | 4.4+ Million Annual Visits1 | Bustling Retail Corridor
- Visible From Zac Lentz Parkway (± 33,186 VPD)
Property Facts In Escrow
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,775 SF
Building Class
B
Year Built
2024
Price
$2,953,000
Price Per SF
$511.34
Cap Rate
5.25%
NOI
$155,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.38 AC
Parking
21 Spaces (3.64 Spaces per 1,000 SF Leased)
Frontage
181’ on Northeast Zac Lentz Parkw
Amenities
- Signage
- Air Conditioning
Nearby Major Retailers
1 of 4
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LongHorn Steakhouse (Ground Lease) | 7306 NE Zac Lentz Pky
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