9695 Liberia Ave Manassas, VA 20110
Long-term ground lease with established tenant in growing retail corridor.
Type:Restaurant
Property size:
5,600 SFLot size:
0.78 Acres- Added:
- Apr 3, 2026
- Days on Market:
- 20
- Last Refresh:
- Apr 3 at 4:58 am
Property Features for 9695 Liberia Ave
General Information
- Standard status
- Active
- Size
- 5,600 SF
- Lot size
- 0.78 Acres
- Property subtype
- Restaurant
Listing agent Dean Zang License #MD: 665335, VA: 0225239201 (202) 536-3754
Listing office Washington, D.C. Office (202) 536-3754
Listing date Apr 3, 2026
Source Marcusmillichap
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Overview
LongHorn Steakhouse Ground Lease Opportunity
This commercial property features a long-term ground lease with Rare Hospitality International, Inc., a subsidiary of Darden Restaurants (S&P Rated: BBB). The tenant operates as LongHorn Steakhouse. The lease commenced in 2008 and has nearly 8 years of remaining term. In 2023, the tenant exercised their second renewal option, extending the lease term to ten years. Rent remains flat during years 1-5 of the option period, with increases scheduled to begin in 2029. The tenant has two options remaining. The property is 0.78 acres and includes cross-parking with the neighboring Evergreen Terrace Shopping Center on Liberia Avenue in Manassas, Virginia. The building has 5,600 square feet. Situated on Liberia Avenue, the location is in a dense retail corridor with national tenants. The corridor includes a Walmart with 2.4 million annual visits, a Harris Teeter with 785,700 visits annually, and an Aldi with 354,000 visits annually. Other national tenants include Wawa, Chick-Fil-A, Wendy’s, Chipotle, Starbucks, and Raising Canes. The Evergreen Village Shopping Center, located immediately south, includes over 110,000 square feet of retail space with 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.
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 - Long-term ground lease with established tenant in growing retail corridor.
Where is this conventional restaurant located?
The property is located at 9695 Liberia Ave Manassas, VA.
What are key features of this property?
This property features: High credit ground lease with LongHorn Steakhouse (Darden Restaurants, S&P Rated: “BBB,” Investment Grade) as tenant.; Long‑term ground lease commenced in 2008 with nearly 8 years of remaining term and two renewal options remaining.; Located in a high‑traffic Northern Virginia retail corridor on Liberia Avenue.
