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106 Bass Pro Dr
Harlingen, TX 78552

$5,000,000 USD

General Retail For Sale  •  6,594 SF

Property Details

• Property Type General Retail
• Total Building Size 6,594 SF
• Lot Size 1.76 AC
• Building Class B
• Year Built 2012
• Cap Rate 5.50 %
• Tenancy Single

40 Walk Score

Highlights

New 10-year sale leaseback with 10% rental escalations every five years

LongHorn Steakhouse has successfully operated at this location since 2012, demonstrating a long-term commitment to the site

Corporate lease with Rare Hospitality International, Inc., a wholly owned subsidiary of Darden Restaurants, Inc. (NYSE: DRI) – S&P: BBB

Strong performer with low rent-to-sales ratio

Rare opportunity to acquire a fee simple Darden restaurant concept, allowing the future landlord to take advantage of depreciation

Dominant retail corridor with a dense concentration of national retailers including Target, Academy Sports + Outdoors, Kohl’s, Burlington, Ulta Beauty

Property Flyers

OM-LongHorn-Steakhouse-Harlingen-TX

Cap Rate:

5.50 %

Major Tenants

Tenant	SF Occupied	Lease End Date
LongHorn Steakhouse

Public Transportation

Airport	Drive	Walk	Distance
Valley International	21 min	-	8.1 mi
Brownsville/South Padre Island International	38 min	-	28.8 mi
McAllen International	43 min	-	34.8 mi