Longhorn Steakhouse - Clermont FL | 1275 E Highway 50
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Longhorn Steakhouse - Clermont FL 1275 E Highway 50
5,700 SF 100% Leased Retail Building Clermont, FL 34711 $4,500,000 ($789/SF) 5% Cap Rate
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
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
$4,500,000
Price Per SF
$789
Cap Rate
5%
NOI
$225,000
Percent Leased
100%
Building Height
1 Story
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
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 09-22-26-1305-022-00004 | Improvements Assessment | $0 |
| Land Assessment | $1,319,726 | Total Assessment | $1,319,726 |
PROPERTY TAXES
Parcel Number
09-22-26-1305-022-00004
Land Assessment
$1,319,726
Improvements Assessment
$0
Total Assessment
$1,319,726
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Longhorn Steakhouse - Clermont FL | 1275 E Highway 50
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