7306 NE Zac Lentz Pkwy Victoria, TX 77904
Property profile & analytics
7306 NE Zac Lentz Pkwy Victoria, TX 77904
- Commercial real estate
- 5,775 SF
- 1.38 lot acres
Property ID
US83-3515731
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- LongHorn Steakhouse / Restaurant
Property Details for 7306 NE Zac Lentz Pkwy
- Year built
- 2024
- Lot size
- 1.38 lot acres
- Property size
- 5,775 SF
- Property type
- Commercial real estate
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Victoria
- County
- Victoria
- State
- Texas
- Longitude
- -96.9949721
- Latitude
- 28.8646014
