7306 NE Zac Lentz Pkwy Victoria, TX 77904

This exceptional investment opportunity presents a brand-new, 5,775 square foot Longhorn Steakhouse located at 7306 NE Zac Lentz Pkwy, Victoria, TX 77904. The property sits on a 1.38-acre lot and benefits from a 10.1-year absolute NNN ground lease with a credit-rated tenant, commencing March 11, 2024, and expiring March 31, 2034. With 9.4 years remaining, this lease offers significant stability and predictable cash flow. The current asking price is $3,100,000, representing a 5.00% cap rate and a NOI of $155,000. The lease includes four 5-year options with rent bumps of 10% in year 6 and options 1 & 2, and 12.5% in options 3 & 4. This single-story building is part of a bustling retail corridor, situated as an outparcel to Victoria Mall, attracting over 4.4 million annual visitors. Its high-visibility location on Zac Lentz Parkway (approximately 33,186 vehicles per day) ensures maximum exposure. The strong demographics, with average household incomes exceeding $100,000 within a one-mile radius, further enhance the investment potential. This is the only Longhorn Steakhouse within a 100-mile radius. The tenant, Longhorn Steakhouse, boasts an investment-grade credit rating (S&P: BBB) and generates over $10.5 billion in annual sales. This is a rare opportunity to acquire a high-performing, investment-grade asset with substantial long-term growth potential.