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LongHorn Steakhouse 997 Lockwood Blvd

5,710 SF Retail Building Oviedo, FL 32765 $3,143,000 ($550/SF) 5.25% Cap Rate

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Investment Highlights

NNN Ground Lease | Brand New Construction | Opened September 2024
Filling A Need | Only LongHorn Steakhouse Location in a 9-Mile Radius
5.2 MSF Retail, 4.1 MSF Office, 1.4 MSF Industrial, 4,612 Multifamily Units & 1,255 Hotel Rooms Within 5-Miles

Outparcel to the 54,372 SF Lockwood Village (Winn-Dixie, Honey Coat Nail Spa, Cafe Panuzzo & China One Restaurant)
Located Along Lockwood Blvd (18,100 VPD) | Feet From Signalized Intersection with County Road 419 (21,500 VPD)
20 Minutes Northeast of Downtown Orlando | Orlando MSA Advantage (MSA Population: 2.83M+)

Executive Summary

CBRE is pleased to exclusively offer for sale the ±9.8-year NNN LongHorn Steakhouse ground lease situated on 0.72 acres in Oviedo, Florida—part of the Orlando-Kissimmee-Sanford, FL MSA (Population: 2.83M+). The property is located with excellent access and visibility along Lockwood Boulevard (18,100 VPD), just feet from its signalized intersection with County Road 419 (21,500 VPD). Additionally, LongHorn is strategically positioned an outparcel to the 54,372-square-foot Lockwood Village Shopping Center, which is anchored by Winn-Dixie.