LongHorn Steakhouse Ground Lease
9695 Liberia Ave, Manassas, VA 20110
Ground lease with established tenant in high-traffic retail corridor.
Type:Retail
Property size:
5,600 SFLot size:
0.78 AcresPrice / SF:
$560/SF- Added:
- Feb 26, 2026
- Days on Market:
- 76
- Last Refresh:
- Mar 17 at 1:17 pm
Property Features for 9695 Liberia Ave
General Information
- Standard status
- Active
- Size
- 5,600 SF
- Lot size
- 0.78 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2008
Listing agent Dean Zang License #MD 665335
Listing office Marcus & Millichap - Washington, D.C.
Listing date Feb 26, 2026
Source Crexi
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 Marcus & Millichap - Washington, D.C.
HighLights
- Long‑term ground lease with established tenant: LongHorn Steakhouse, owned by Darden Restaurants, has nearly 8 years remaining, plus two 10‑year renewal options.
- Low‑rent opportunity in Washington D.C. MSA: Current rent is $30 per square foot, lower than neighboring restaurants.
- Strategic location in growing retail corridor on high‑traffic Liberia Avenue, surrounded by national tenants.
- Strong demographics: Supported by a population of 88,230 with an average household income of $152,001.
- Premier full‑service dining company: Tenant is owned by Darden Restaurants (NYSE: DRI), a financially stable company with a "BBB" credit rating.
- Property benefits from cross‑parking with the neighboring Evergreen Terrace Shopping Center.
Overview
This commercial property features a ground lease with Rare Hospitality International, Inc., a subsidiary of Darden Restaurants operating as LongHorn Steakhouse. The lease commenced in 2008 and has nearly 8 years of remaining term. The tenant exercised their second renewal option in 2023, extending the lease term to ten years. The rent will remain flat through 2028, with increases scheduled to begin that year. The 5,600 square-foot building sits on 0.78 acres and benefits from cross-parking with the neighboring Evergreen Terrace Shopping Center along Liberia Avenue in Manassas, Virginia. The current rent is $168,059 through 2028, equating to $30 per square foot, which is lower than other restaurants along the Liberia Avenue retail corridor. The property is positioned in a dense retail corridor with a high volume of national tenants, including a Walmart and Harris Teeter on each end. The corridor also features Wawa, Chick-Fil-A, Wendy’s, Chipotle, Starbucks, and Raising Canes. The strong commercial and retail demand in this location led to the development of Evergreen Village Shopping Center immediately south, consisting of more than 110,000 square feet of retail space with key names such as Lidl, Texas Roadhouse, Jersey Mike’s, and Cold Stone Creamery, and over 240 apartment units. The retail corridor is supported by a population of 88,230 with an average household income of $152,001. Darden Restaurants, Inc. recorded net income of $1.05 Billion and revenue of $12.1 billion in Fiscal Year 2025.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
LongHorn Steakhouse
Restaurant
Location Insight
- Map
- Local Demand
- City
- Manassas
- County
- Manassas Park
- State
- Virginia
- Longitude
- -77.4495211
- Latitude
- 38.746624
Nearby Similar for Sale
FAQs
What type of property is this?
Conventional restaurant - Ground lease with established tenant in high-traffic retail corridor.
Where is this conventional restaurant located?
The property is located at 9695 Liberia Ave Manassas, VA.
What is the asking price?
The asking price for this property is $3,141,238.
What are key features of this property?
This property features: Long‑term ground lease with established tenant: LongHorn Steakhouse, owned by Darden Restaurants, has nearly 8 years remaining, plus two 10‑year renewal options.; Low‑rent opportunity in Washington D.C. MSA: Current rent is $30 per square foot, lower than neighboring restaurants.; Strategic location in growing retail corridor on high‑traffic Liberia Avenue, surrounded by national tenants.
