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LongHorn Steakhouse | Abs NNN Ground Lease 7459 Gall Blvd 5,780 SF Retail Building Zephyrhills, FL 33541 $3,900,000 ($674.74/SF) 5% Cap Rate
Investment Highlights
- Brand New 10-year ground lease with 10% rent increases every 5 years and four, five-year renewal options
- High traffic counts fronting Gall Blvd (35,500 VPD)
- Adjacent to newly built Illumina Zephyrhills, a 252-unit apartment building completed in 2024
- LongHorn is part of a larger retail development that includes McDonald’s, Extra Space Storage, Take 5, and Radiant Express Car Wash
- Positioned between Merchants Square Shopping Center and a Walmart Supercenter (175,800 SF)
- Zephyrhills is currently growing at a rate of 5.24% annually and its population has increased by 16.57% since the most recent census
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
5,780 SF
Building Class
C
Year Built
2025
Price
$3,900,000
Price Per SF
$674.74
Cap Rate
5%
NOI
$195,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.56 AC
Opportunity Zone
Yes
Zoning
C2 - Community Commercial
Parking
109 Spaces (18.86 Spaces per 1,000 SF Leased)
Frontage
152’ on Gall Boulevard
Amenities
- Corner Lot
- Air Conditioning
Nearby Major Retailers
Property Taxes
| Parcel Number | 34-25-21-0200-00000-0050 | Improvements Assessment | $832,445 |
| Land Assessment | $967,400 | Total Assessment | $1,799,845 |
Property Taxes
Parcel Number
34-25-21-0200-00000-0050
Land Assessment
$967,400
Improvements Assessment
$832,445
Total Assessment
$1,799,845
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LongHorn Steakhouse | Abs NNN Ground Lease | 7459 Gall Blvd
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