LongHorn NNN Restaurant
New
For Sale
Contact for pricing
106 Bass Pro Drive, Harlingen, TX 78552
Single-tenant sale-leaseback with absolute NNN terms, scheduled escalations, and renewal options.
Property Size6,594 SF
Price / SF$758.27
Days on Market7
Property Features for 106 Bass Pro Drive
General Information
Standard status
Active
Size
6,594 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$275,000
Site & Location
Traffic Count
90,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2012
Buildings
1
Tenancy
Single
Listing Agency:
Bang Realty
(888) 737-2264
Listed By:
Brian Brockman · License #BRK.200900214
Source:
Crexi
Added: Aug 5
Changed: Aug 10
Last Checked: Aug 10 at 8:32AM
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.
This single-tenant LongHorn Steakhouse property at 106 Bass Pro Drive in Harlingen, Texas, includes a 6,594-square-foot restaurant building constructed in 2012. The sale-leaseback structure provides an absolute NNN lease, with 10% rent escalations every five years during the primary term and four five-year renewal options. The lease is with RARE Hospitality International, Inc., a wholly owned subsidiary of Darden Restaurants, Inc., which carries an investment-grade BBB credit rating from S&P.
The restaurant occupies an outparcel to Bass Pro Shops Outdoor World at the interchange of Interstate 2 and Interstate 69E. The interchange carries approximately 90,000 vehicles per day, and the surrounding retail corridor includes Target, Kohl’s, H-E-B, Walmart Supercenter, Sam’s Club, and Burlington. Valley Baptist Medical Center and Harlingen South High School are both within ten minutes, while approximately 99,000 residents live within a five-mile radius.
The restaurant occupies an outparcel to Bass Pro Shops Outdoor World at the interchange of Interstate 2 and Interstate 69E. The interchange carries approximately 90,000 vehicles per day, and the surrounding retail corridor includes Target, Kohl’s, H-E-B, Walmart Supercenter, Sam’s Club, and Burlington. Valley Baptist Medical Center and Harlingen South High School are both within ten minutes, while approximately 99,000 residents live within a five-mile radius.
Key Highlights
- 6,594‑square‑foot restaurant building constructed in 2012
- Absolute NNN sale‑leaseback with zero property‑level responsibilities
- 10% rental escalations every five years during the primary term
Property Analytics
Current Use
Lease Details
90,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
676
Businesses Nearby
741k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 28%
Apparel 26%
Superstores 17%
Shops & Services 15%
Target
Superstores
127,115 visits/mo
0.5 miles
Burlington
Apparel
64,373 visits/mo
0.5 miles
Cinemark Harlingen 16 and Xd
Leisure
63,772 visits/mo
0.5 miles
Marshalls
Apparel
55,275 visits/mo
0.5 miles
Whataburger
Dining
50,072 visits/mo
0.5 miles
Demographics for 78552, TX
38,474
Population
16,009
Households
2.4
Avg Household Size
37
Median Age
22%
College-Educated
81%
High-School Grad
48.0 sq mi
ZIP Area
802
Density / Sq Mi
$67,183
Median Household Income
$34,571
Median Earnings
$1,054
Median Rent
$154,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Single-tenant sale-leaseback with absolute NNN terms, scheduled escalations, and renewal options.
Where is this nnn property located?
The property is located at 106 Bass Pro Drive Harlingen, 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: 6,594‑square‑foot restaurant building constructed in 2012; Absolute NNN sale‑leaseback with zero property‑level responsibilities; 10% rental escalations every five years during the primary term
