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5877 State Rte 100 East
Palm Coast, FL 32164

$3,900,000 USD

Restaurant For Sale  •  5,780 SF

Property Details

  • Property Type Restaurant
  • Total Building Size 5,780 SF
  • Lot Size 1.61 AC
  • Building Class C
  • Year Built 2024
  • Cap Rate 5.00 %
  • Tenancy Single
0 Transit Score
27 Walk Score

Highlights

Investment-grade credit tenant with long-term lease (Darden, S&P: BBB)
LongHorn is Darden’s 2nd largest revenue source contributing 25% of the $10.5 billion in total sales for 2023
Attractive 10% rent increases every 5 years
Absolute NNN ground lease – No landlord management obligations
Part of the new Cornerstone at Seminole Woods shopping center anchored by BJ’s Wholesale Club and home to Chick-fil-A, Chase Bank and Miller’s Ale
NO STATE INCOME TAX, Florida is the Highest Net Domestic Migration/Growth State in the U.S.

Property Flyers

Cap Rate: 5.00 %

Major Tenants

Tenant SF Occupied Lease End Date
LongHorn Steakhouse 5,780 SF 11/1/2034

Amenities

  • Air Conditioning

Public Transportation

AirportDriveWalkDistance
Daytona Beach International 32 min - 25.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 116
Type: Surface
Included in Rent: Yes
Ray Romano 407-808-1657 CBRE, Inc.
Ray Romano 407-808-1657 CBRE, Inc.