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LongHorn Steakhouse Ground Lease 187 Watauga Village Dr 5,780 SF Retail Building Boone, NC 28607 $4,684,800 CAD ($810.52 CAD/SF) 4.95% Cap Rate
Investment Highlights
- New 2026 construction
- Desirable lease term | New 10-year term
- Located in the center of Boone’s retail corridor | Generates 17.2M visitors annually
- Absolute net ground lease | Zero landlord responsibilities
- Corporate Lease | Rare Hospitality International, Inc. | 629 locations
- Outparcel to high performing Walmart Supercenter that ranks in the 96th percentile in NC
Executive Summary
Ransome Foose and Carl Brendes of Berkeley Capital Advisors are pleased to present for sale LongHorn Steakhouse Ground Lease in Boone, NC. We welcome your review of this attractive investment.
Property Facts
Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,780 SF
Building Class
B
Year Built
2026
Construction Status
Under Construction
Price
$4,684,800 CAD
Price Per SF
$810.52 CAD
Cap Rate
4.95%
NOI
$231,910 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.29
Lot Size
0.46 AC
Opportunity Zone
Yes
Zoning
Commercial
Moderately walkable
60/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 2910-51-8203-000 | Improvements Assessment | $1,176,042 CAD |
| Land Assessment | $721,116 CAD | Total Assessment | $1,897,158 CAD |
Property Taxes
Parcel Number
2910-51-8203-000
Land Assessment
$721,116 CAD
Improvements Assessment
$1,176,042 CAD
Total Assessment
$1,897,158 CAD
Contacts
-
Ransome Foose -
Carl Brendes -
Quinn O'Donnell -
Matt Sagehorn -
Berkeley Capital Advisors
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LongHorn Steakhouse Ground Lease | 187 Watauga Village Dr
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