Log In/Sign Up
Your email has been sent.
187 Watauga Village Dr
Boone, NC 28607
LongHorn Steakhouse | Ground Lease · Retail Property For Sale
Investment Highlights
- New 2026 construction | Absolute net ground lease | Zero landlord responsibilities | Desirable lease term | New 10-year term
- Located in the center of Boone’s retail corridor | Generates 17.2M visitors annually
- Located inside of dense retail corridor | 2.6M SF within a 2-mile radius
- Corporate Lease | Rare Hospitality International, Inc. | 629 locations
- Outparcel to high performing Walmart Supercenter that ranks in the 96th percentile in NC
- Stable population growth within 3-miles | 13.78% from 2010-2025
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
$4,703,687 CAD
Price Per SF
$813.79 CAD
Cap Rate
4.95%
NOI
$232,845 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.29
Lot Size
0.46 AC
Opportunity Zone
Yes
Zoning
Commercial
Parking
19 Spaces (3.29 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 2910-51-8203-000 | Improvements Assessment | $1,163,841 CAD |
| Land Assessment | $713,635 CAD | Total Assessment | $1,877,475 CAD |
Property Taxes
Parcel Number
2910-51-8203-000
Land Assessment
$713,635 CAD
Improvements Assessment
$1,163,841 CAD
Total Assessment
$1,877,475 CAD
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
