LongHorn Steakhouse (Ground Lease) | 7306 NE Zac Lentz Pky
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LongHorn Steakhouse (Ground Lease) 7306 NE Zac Lentz Pky
5,775 SF Retail Building Victoria, TX 77904 $4,408,200 CAD ($763 CAD/SF) 5% Cap Rate
Investment Highlights
- Corporate Lease | Investment Grade Tenant (S&P:BBB) | $10.5B 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 | 9.8 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
Sale Type
Investment NNN
Property Type
Retail
Building Size
5,775 SF
Building Class
B
Year Built
2024
Price
$4,408,200 CAD
Price Per SF
$763 CAD
Cap Rate
5%
NOI
$220,410 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.38 AC
Nearby Major Retailers
1 of 4
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LongHorn Steakhouse (Ground Lease) | 7306 NE Zac Lentz Pky
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