9695 Liberia Ave Manassas, VA 20110

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.