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4758 Highway 90
Pace, FL 32571
Longhorn Steakhouse Ground Lease · Commerce de détail Propriété À vendre


Certaines informations ont été traduites automatiquement.
FAITS SAILLANTS DE L'INVESTISSEMENT
- New 10-year absolute NNN ground lease to Longhorn Steakhouse, one of the largest steakhouse chains in the U.S.
- In March 2024, the ACSI reported LongHorn Steakhouse hit 80% in taste favorability, surpassing Texas Roadhouse and well ahead of Outback Steakhouse.
- 10% rental increases every five (5) years in initial term and option periods, offering projected growth over a long-term investment
- Same-restaurant sales grew 4% year-over-year at LongHorn Steakhouse in Q1 2024
RÉSUMÉ DE L'ANNONCE
Located just off of US-90, this LongHorn Steakhouse enjoys prime visibility and accessibility along Pace’s largest retail and motor traffic corridor, with direct exposure to over 33,000 vehicles per day. Its strategic positioning makes it a standout destination for both local and passing traffic.
The restaurant is surrounded by top-tier national retailers such as Walmart, Lowe’s, Home Depot, Target, Publix, and more. This cluster of anchor tenants significantly enhances visibility, customer flow, and cross-shopping opportunities for the LongHorn location.
Additionally, the site benefits from its proximity to two major military installations: Naval Air Station Pensacola and Eglin Air Force Base. Together, these bases bring over 43,000 active military personnel into the surrounding area, contributing to a stable and consistent consumer base.
The local population surrounding the property is both dense and affluent. Nearly 70,000 residents live within a five-mile radius, with average household incomes exceeding $100,000. The area is also rich with high-traffic community hubs, including the University of West Florida (14,343 students), Pace High School (2,240 students), Pace Crossroads Shopping Center, the Alamo retired Naval Base, and Downtown Milton—just four miles away—bringing an additional 10,000 residents into the restaurant's catchment.
The restaurant is surrounded by top-tier national retailers such as Walmart, Lowe’s, Home Depot, Target, Publix, and more. This cluster of anchor tenants significantly enhances visibility, customer flow, and cross-shopping opportunities for the LongHorn location.
Additionally, the site benefits from its proximity to two major military installations: Naval Air Station Pensacola and Eglin Air Force Base. Together, these bases bring over 43,000 active military personnel into the surrounding area, contributing to a stable and consistent consumer base.
The local population surrounding the property is both dense and affluent. Nearly 70,000 residents live within a five-mile radius, with average household incomes exceeding $100,000. The area is also rich with high-traffic community hubs, including the University of West Florida (14,343 students), Pace High School (2,240 students), Pace Crossroads Shopping Center, the Alamo retired Naval Base, and Downtown Milton—just four miles away—bringing an additional 10,000 residents into the restaurant's catchment.
FAITS SUR LA PROPRIÉTÉ
Type de vente
Investissement pour loyer hypernet
Condition de vente
1031 Échange
Type de propriété
Commerce de détail
Sous-type de propriété
Taille du bâtiment
6 000 pi²
Classe d’immeuble
B
Année de construction
2024
Prix
4 131 930 $ CAD
Prix par pi²
688,66 $ CAD
Taux de capitalisation
5%
Revenu net d’exploitation
206 623 $ CAD
Location
Unique
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,09
Taille du lot
1,60 AC
Zonage
HCD
Stationnement
125 places (20,83 places par 1 000 pi² loué)
Façade
276’ sur U.S. 90
COMMODITÉS
- Climatisation
Impôts fonciers
| Numéro de lot | 11-1N-29-0000-02300-0000 | Évaluation des bâtiments | 2 599 469 $ CAD |
| Évaluation du terrain | 1 884 751 $ CAD | Évaluation totale | 4 484 219 $ CAD |
Impôts fonciers
Numéro de lot
11-1N-29-0000-02300-0000
Évaluation du terrain
1 884 751 $ CAD
Évaluation des bâtiments
2 599 469 $ CAD
Évaluation totale
4 484 219 $ CAD
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