NNN Longhorn Steakhouse
3392 US Hwy 98 N Lakeland, FL 33805
3392 US Hwy 98 N, Lakeland, FL, 33805
Contact for pricing
For Sale
Contact for pricing
Pending
Casual restaurant with a long-term corporate NNN lease and rare 1% annual rental increases.
Days on Market102
Property Features for 3392 US Hwy 98 N
General Information
- Standard status
- Pending
- Property subtype
- Retail
Listing agency
Acropolis Commercial Advisors LLC
Listed by
Eric Wasserman · License #FL CQ1057427
Source
Crexi
Added: Apr 11 Updated: Jul 21 at 1:55AM Checked: Jul 21 at 1:55AM
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
Location Intelligence
Current Use by Public Records
LongHorn Steakhouse
Restaurant
Similar For Sale Nearby
FAQs
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.
