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28304852
28304853

10170 US-431, Albertville, AL 35950

HK
GA GA 365320
Colliers - Atlanta, Georgia
Listed by Colliers - Atlanta, Georgia
$3,545,000
24 days on market
Updated 24 days ago

Longhorn Steak House - 2025 Construction - Absolute NNN

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant (+1)
Square Footage 5,780
Cap Rate 5.5%
NOI $195,000
Occupancy 100%
Tenancy Single
Brand/Tenant Chick-fil-A, Tractor Supply (+7)
Lease Type Absolute NNN
Lease Term 10
Remaining Term 10
Rent Bumps Yes
Lease Options Four (4) 5-Year Options
Broker Co-Op Yes
Year Built 2025
Buildings 1
Stories 1
Acreage 1.870
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Ground Lease Yes

Zero LL responsibilities_Next Closest Longhorn is 40 minutes away

Investment highlights

2025, BRAND-NEW CONSTRUCTION LONGHORN WITH A FRESH 10-YR

LEASE:

• Longhorn (Rare Hospitality International) signed a brand new 10-year lease, which commences November 2025 and expires 10 years thereafter

• 10% rental escalations every five (5) years, signaling strong NOI growth

• No early termination, or kick-out clause

• Zero landlord responsibilities, everything falls on the tenant, leading to passive cash flow and “Mailbox Money”

• Ample parcel size at +/-1.87 acres

DARDEN, THE WORLD’S LARGEST FULL-SERVICE RESTAURANT COMPANY:

• Headquartered in Orlando, FL, Darden Restaurants is the world’s largest full-service restaurant company with more than 2,100 locations and more than 200,000 employees

• Darden achieved $12.1 billion in revenue in FY 2025, an increase of 6%

• In Oct 2024, Darden acquired Chuy’s, adding 103 restaurants to the Darden portfolio and 7,000 new employees

• Longhorn is one of the highest-earning steakhouse chains in the United States, with 591 locations and counting

• Darden plans in 2026 to open 23-26 new Longhorn locations, the highest number out of all the Darden restaurants, displaying the profitability of the brand

• Longhorn’s comps have increased by 7.8% YOY, achieving $3.03 B in FY 2025

• Longhorn invests in the range of $3.8-$5.1 million per store

FAST-GROWING MARKET EXPERIENCING DEVELOPMENT MOMENTUM - BOOMING RETAIL CORRIDOR:

• Brand New, Class A Target anchored shopping center, Sand Mountain Marketplace, is currently under development

within immediate proximity to the site. The development will include Target, Academy, HomeGoods and others.

• The next closest Longhorn location is approximately a forty-five (45) minute drive time, showing the mission-critical

purpose this location serves

• Surrounding retailers include but are not limited to Walmart, Lowe’s, Chick-fil-A, Aldi, Sand Mountain Toyota Development

• Immediate proximity to Lake Guntersville, Alabama’s largest lake. This store will strongly benefit from year-round lake

traffic

• Albertville is a short 40-minute drive to Huntsville, the top 15-fastest fastest-growing MSA in the nation

HUNTSVILLE MSA ADVANTAGE:

• Located on the explosive growth corridor in the southeast, one of the most vibrant economic growth markets in the

United States

• The Huntsville MSA is home to over 1.2 million people, marking it as the 15th fastest-growing MSA nationally

• Huntsville posted a 2.6% population growth in 2025, ranking among the six fastest-growing cities nationally

• Named #1 city for tech talent growth for three consecutive years, and #1 best place to live in the US in 2022-2023

• In September 2025, the White House announced that the US Space Command will be relocating from Colorado Springs to Huntsville, which could create an additional 30,000 jobs for the state.

Listing Contacts

HK
GA GA 365320
Colliers - Atlanta, Georgia
Listed by Colliers - Atlanta, Georgia

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$195,000.00
$16,250.00/mo

Valuation Metrics

0
DSCR
5.5%
Cap Rate
5.5%
ROI

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Additional Information

Name
Chad Defoor
License
152807-0
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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