This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

LongHorn Steakhouse 997 Lockwood Blvd

5,710 SF Retail Building Oviedo, FL 32765 $4,455,108 CAD ($780 CAD/SF) 5.25% Cap Rate

Investment Highlights

  • NNN Ground Lease | Brand New Construction | Opened September 2024
  • Filling A Need | Only LongHorn Steakhouse Location in a 9-Mile Radius
  • 5.2 MSF Retail, 4.1 MSF Office, 1.4 MSF Industrial, 4,612 Multifamily Units & 1,255 Hotel Rooms Within 5-Miles
  • Outparcel to the 54,372 SF Lockwood Village (Winn-Dixie, Honey Coat Nail Spa, Cafe Panuzzo & China One Restaurant)
  • Located Along Lockwood Blvd (18,100 VPD) | Feet From Signalized Intersection with County Road 419 (21,500 VPD)
  • 20 Minutes Northeast of Downtown Orlando | Orlando MSA Advantage (MSA Population: 2.83M+)

Executive Summary

CBRE is pleased to exclusively offer for sale the ±9.8-year NNN LongHorn Steakhouse ground lease situated on 0.72 acres in Oviedo, Florida—part of the Orlando-Kissimmee-Sanford, FL MSA (Population: 2.83M+). The property is located with excellent access and visibility along Lockwood Boulevard (18,100 VPD), just feet from its signalized intersection with County Road 419 (21,500 VPD). Additionally, LongHorn is strategically positioned an outparcel to the 54,372-square-foot Lockwood Village Shopping Center, which is anchored by Winn-Dixie.

Property Facts

Sale Type
Investment NNN
Sale Condition
Ground Lease (Leasehold)
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,710 SF
Building Class
B
Year Built
2024
Price
$4,455,108 CAD
Price Per SF
$780 CAD
Cap Rate
5.25%
NOI
$233,883 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.72 AC
Parking
30 Spaces (5.25 Spaces per 1,000 SF Leased)
Frontage
109 ft on Lockwood Boulevard

Nearby Major Retailers

Winn-Dixie
Trustco Bank
Truist
Beef 'O' Brady's
Publix Super Markets
Bank of America
PNC Bank
Jazzercise
Fairwinds Credit Union
  • Listing ID: 33157492

  • Date on Market: 2024-09-12

  • Last Updated:

  • Address: 997 Lockwood Blvd, Oviedo, FL 32765

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}