LongHorn Steakhouse | 997 Lockwood Blvd
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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
1 of 7
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LongHorn Steakhouse | 997 Lockwood Blvd
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