

Longhorn Steak House - 2025 Construction - Absolute NNN
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.
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