NNN Longhorn Steakhouse
For Sale
Contact for pricing
Pending
3392 US Hwy 98 N, Lakeland, FL 33805
Casual restaurant with a long-term corporate NNN lease and rare 1% annual rental increases.
Property SizeContact for details
Days on Market134
Property Features for 3392 US Hwy 98 N
General Information
Standard status
Pending
Property subtype
Retail
Site & Location
Traffic Count
46,500 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Tenancy
Single
Listing Agency:
Acropolis Commercial Advisors LLC
Listed By:
Eric Wasserman · License #FL CQ1057427
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Aug 22 at 4:12PM
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 Acropolis Commercial Advisors LLC
Investment Insights
Based on property information with market context.
The Longhorn Steakhouse is offered on a long-term NNN lease structure, with annual rental increases of 1%. The asset is positioned as a corporate-guaranteed restaurant lease, subject to a guarantee by RARE Hospitality International, Inc., a wholly owned subsidiary of Darden Restaurants, Inc.
The restaurant is located directly off Interstate 4 on US Highway 98, a main north/south thoroughfare through Florida, with pylon signage visible to motorists on the interstate. It sits in front of newly built TownSuites by Marriott (112 rooms) and is surrounded by multiple national hotel properties.
The site also benefits from a dense retail environment, with over 3.1 million square feet of retail within a one-mile radius, including proximity to Lakeland Square Mall and several major retail and big-box operators. As provided, the surrounding population within a one-, three-, and five-mile radius is projected to grow annually.
The restaurant is located directly off Interstate 4 on US Highway 98, a main north/south thoroughfare through Florida, with pylon signage visible to motorists on the interstate. It sits in front of newly built TownSuites by Marriott (112 rooms) and is surrounded by multiple national hotel properties.
The site also benefits from a dense retail environment, with over 3.1 million square feet of retail within a one-mile radius, including proximity to Lakeland Square Mall and several major retail and big-box operators. As provided, the surrounding population within a one-, three-, and five-mile radius is projected to grow annually.
Key Highlights
- Longhorn Steakhouse sits directly off Interstate 4 on US Highway 98 with 46,500+ VPD (and I‑4 99,000+ VPD).
- Pylon signage on the Interstate for visibility to motorists.
- Located 30 miles east of Tampa and 60 miles west of Orlando.
Property Analytics
Property Profile
Current Use
Lease Details
46,500 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
709
Businesses Nearby
861k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 33%
Apparel 22%
Shops & Services 15%
Superstores 14%
Target
Superstores
116,716 visits/mo
0.4 miles
Cinemark Lakeland Square Mall and XD
Leisure
51,953 visits/mo
0.4 miles
Ross Dress for Less
Apparel
46,744 visits/mo
0.3 miles
DICK'S Sporting Goods
Apparel
45,515 visits/mo
0.3 miles
Lowe's
Home Improvements & Furnishings
43,988 visits/mo
0.3 miles
Demographics for 33805, FL
26,954
Population
11,908
Households
2.3
Avg Household Size
36
Median Age
17%
College-Educated
82%
High-School Grad
26.0 sq mi
ZIP Area
1,037
Density / Sq Mi
$55,565
Median Household Income
$35,077
Median Earnings
$1,179
Median Rent
$173,800
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?
Conventional restaurant - Casual restaurant with a long-term corporate NNN lease and rare 1% annual rental increases.
Where is this conventional restaurant located?
The property is located at 3392 US Hwy 98 N Lakeland, FL.
What are key features of this property?
This property features: Longhorn Steakhouse sits directly off Interstate 4 on US Highway 98 with 46,500+ VPD (and I‑4 99,000+ VPD).; Pylon signage on the Interstate for visibility to motorists.; Located 30 miles east of Tampa and 60 miles west of Orlando.
