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Longhorn Steakhouse - Clermont FL 1275 E Highway 50

5,700 SF 100% Leased Retail Building Clermont, FL 34711 £3,578,814 (£628/SF) 5% Net Initial Yield

INVESTMENT HIGHLIGHTS

  • The asset is fronting State Highway 50 (66,000 VPD), a main retail thoroughfare serving the city of Clermont
  • Clermont West 2 will feature The Goddard School, Extra Space Storage, Extended Stay Hotels, and more
  • Part of the new Clermont West retail development that features Portillo’s, Mission BBQ, and Bonefish

EXECUTIVE SUMMARY

Part of Clermont West Development | Fronting State Highway 50 (66,000 VPD) | High Growth Submarket

ATTACHMENTS

Clermont FL - Longhorn Steakhouse

PROPERTY FACTS

Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,700 SF
Year Built
2024
Price
£3,578,814
Price Per SF
£628
Net Initial Yield
5%
NOI
£178,941
Percent Leased
100%
Number of Floors
1
Building FAR
0.09
Lot Size
1.52 AC
Parking
7 Spaces (1.23 Spaces per 1,000 SF Leased)
Frontage
155 ft on State Route 50
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NEARBY MAJOR RETAILERS

Mission BBQ
Portillo's
Outback Steakhouse
Miller's Ale House
Golden Corral
PDQ
Sonny"s Real Pit Bar B-Q
Cracker Barrel Old Country Store
Beef 'O' Brady's
Seacoast Bank

PROPERTY TAXES

Parcel Number 09-22-26-1305-022-00004 Improvements Assessment £0
Land Assessment £1,049,567 Total Assessment £1,049,567

PROPERTY TAXES

Parcel Number
09-22-26-1305-022-00004
Land Assessment
£1,049,567
Improvements Assessment
£0
Total Assessment
£1,049,567
(954) 302-7365

CONTACTS

  • Listing ID: 33583002

  • Date on Market: 21/10/2024

  • Last Updated:

  • Address: 1275 E Highway 50, Clermont, FL 34711

The Retail Property at 1275 E Highway 50, Clermont, FL 34711 is currently available for sale. Contact SRS Real Estate Partners for more information.

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Longhorn Steakhouse - Clermont FL | 1275 E Highway 50
(954) 302-7365 x

Longhorn Steakhouse - Clermont FL | 1275 E Highway 50

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Patrick Nutt

(954) 302-7365

(954) 302-7365

William Wamble

(813) 434-8278

(813) 434-8278

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