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Clermont, FL - Longhorn Steakhouse

$4,500,000

1275 E. Highway 50, Clermont (Orlando MSA), FL 34711

Active
Last Updated: 10/24/2024

5

Cap Rate

225,000

NOI

Details:
Cap Rate:    5%
NOI:    $225,000
Building Size:    5,700 sqft
Lot Area:    1.52 acres
Occupancy:    100%
Year Built:    2024
Zoning:    Commercial
Floors:    1
Description:

• The asset is fronting State Highway 50 (66,000 VPD), a main retail thoroughfare serving the city of Clermont
• Part of the new Clermont West retail development that features Portillo’s, Mission BBQ, and Bonefish
• Clermont West 2 will feature The Goddard School, Extra Space Storage, Extended Stay Hotels, and more
• Just North of Clermont Landing, a 227,000+ SF community shopping center that ranks in the top 88% (832 out of 7,255) of all nationwide community shopping centers according to Placer.ai
• The Home Depot and Lowe’s just to the East rank in the top 80% (384 out of 1,974) and 89% (179 out of 1,727) of all nationwide locations (Placer.ai)
• Ideally located near US Hwy 27 (41,500 VPD) and FL Tpke (75,900 VPD), allowing direct on/off ramp access to the site and surrounding Clermont/Orlando trade areas

Map:
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