LongHorn NNN
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For Sale
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1005 W UNIVERSITY AVE, Georgetown, TX 78628
The proposed absolute NNN lease includes four five-year renewal options and scheduled rent increases.
Property Size6,217 SF
Price / SF$804.25
Days on Market5
Property Features for 1005 W UNIVERSITY AVE
General Information
Standard status
Active
Size
6,217 SF
Property subtype
Retail
Site & Location
Traffic Count
124,000 vehicles/day
Highway Access
Yes
Building Details
Tenancy
Single
Listing Agency:
Bang Realty
Listed By:
Brian Brockman · License #BRK.200900214
(888) 737-2264
Source:
Crexi
Added: Sep 23
Changed: Sep 26
Last Checked: Sep 26 at 2:53PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bang Realty
Investment Insights
Based on property information with market context.
At 1005 W University Ave, the 6,217-square-foot LongHorn Steakhouse has operated since 2012. The proposed absolute NNN lease includes 10% rent increases every five years during the primary term, plus four five-year renewal options. The tenant is RARE Hospitality International, Inc., a Darden Restaurants subsidiary with an investment-grade BBB rating from S&P.
The Georgetown property offers immediate access to Interstate 35, which carries approximately 124,000 vehicles per day. It is an outparcel to Wolf Ranch Town Center, a 52-acre retail center with Target, T.J. Maxx, Old Navy, Ross, Five Below, Kohl’s, Ulta and Best Buy among its anchors. More than 106,000 residents live within five miles, where average household income exceeds $152,000.
The Georgetown property offers immediate access to Interstate 35, which carries approximately 124,000 vehicles per day. It is an outparcel to Wolf Ranch Town Center, a 52-acre retail center with Target, T.J. Maxx, Old Navy, Ross, Five Below, Kohl’s, Ulta and Best Buy among its anchors. More than 106,000 residents live within five miles, where average household income exceeds $152,000.
Key Highlights
- 6,217‑square‑foot LongHorn Steakhouse operating at the site since 2012
- Proposed absolute NNN lease with 10% increases every five years and four five‑year renewal options
- Tenant RARE Hospitality International, Inc. carries an investment‑grade BBB rating from S&P
Property Analytics
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Current Use
Lease Details
124,000 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
790
Businesses Nearby
Explore this area
Business Placement
Demographics for 78628, TX
40,378
Population
17,738
Households
2.3
Avg Household Size
42
Median Age
53%
College-Educated
94%
High-School Grad
64.7 sq mi
ZIP Area
624
Density / Sq Mi
$117,198
Median Household Income
$58,328
Median Earnings
$1,552
Median Rent
$467,700
Median Home Value
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
NNN property - The proposed absolute NNN lease includes four five-year renewal options and scheduled rent increases.
Where is this nnn property located?
The property is located at 1005 W UNIVERSITY AVE Georgetown, TX.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: 6,217‑square‑foot LongHorn Steakhouse operating at the site since 2012; Proposed absolute NNN lease with 10% increases every five years and four five‑year renewal options; Tenant RARE Hospitality International, Inc. carries an investment‑grade BBB rating from S&P
