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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

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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
Restaurant
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

Anytime Fitness
Bank OZK
Planet Fitness
Golden Corral Buffet & Grill
Chili's Grill & Bar
Beef 'O' Brady's
Truist
Ruby Tuesday
Five Guys
Starbucks

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
34-25-21-0200-00000-0050
Land Assessment
$967,400
Improvements Assessment
$0
Total Assessment
$967,400
  • Listing ID: 34423918

  • Date on Market: 1/9/2025

  • Last Updated:

  • Address: 7459 Gall Blvd, Zephyrhills, FL 33541

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