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LongHorn Steakhouse | Abs NNN Ground Lease 7459 Gall Blvd 5,780 SF Retail Building Zephyrhills, FL 33541 $5,410,860 CAD ($936.13 CAD/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New 10-year ground lease with 10% rent increases every 5 years and four, five-year renewal options
- High traffic counts fronting Gall Blvd (35,500 VPD)
- Adjacent to newly built Illumina Zephyrhills, a 252-unit apartment building completed in 2024
- LongHorn is part of a larger retail development that includes McDonald’s, Extra Space Storage, Take 5, and Radiant Express Car Wash
- Positioned between Merchants Square Shopping Center and a Walmart Supercenter (175,800 SF)
- Zephyrhills is currently growing at a rate of 5.24% annually and its population has increased by 16.57% since the most recent census
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
5,780 SF
Building Class
C
Year Built
2025
Price
$5,410,860 CAD
Price Per SF
$936.13 CAD
Cap Rate
5%
NOI
$270,543 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.56 AC
Opportunity Zone
Yes
Zoning
C2 - Community Commercial
Parking
109 Spaces (18.86 Spaces per 1,000 SF Leased)
Frontage
152’ on Gall Boulevard
AMENITIES
- Corner Lot
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 34-25-21-0200-00000-0050 | Improvements Assessment | $1,151,588 CAD |
| Land Assessment | $1,338,282 CAD | Total Assessment | $2,489,870 CAD |
PROPERTY TAXES
Parcel Number
34-25-21-0200-00000-0050
Land Assessment
$1,338,282 CAD
Improvements Assessment
$1,151,588 CAD
Total Assessment
$2,489,870 CAD
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LongHorn Steakhouse | Abs NNN Ground Lease | 7459 Gall Blvd
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