LongHorn Steakhouse | Ground Lease
New 2026 Construction | Absolute Net Ground Lease | Located in Dense Retail Corridor
Investment highlights
• New 2026 construction
• Absolute net ground lease | Zero landlord responsibilities
• Desirable lease term | New 10-year term
• Corporate Lease | Rare Hospitality International, Inc. | 629 locations
• Located in the center of Boone’s retail corridor | Generates 17.2M visitors annually
• Outparcel to high performing Walmart Supercenter that ranks in the 96th percentile in NC
• Located inside of dense retail corridor | 2.6M SF within a 2-mile radius
• Stable population growth within 3-miles | 13.78% from 2010-2025
• Across the street from Watauga Medical Center | 117 beds
• 5 minutes from Appalachian State University | 21,800 students
• 10 minutes from Watauga High School | 1,280 students
• 1-mile from Boone Mall | 223K SF dominant retail center generating heavy foot traffic
• Nearby destination retailers | Walmart Supercenter, Publix, Food Lion, Harris Teeter, Lowe’s, Applebee’s, Cracker Barrel, Chili’s, Chick-fil-A, McDonald’s, Taco Bell, Chipotle, Wendy’s, Arby’s, Five Guys, 7 Brew Coffee, Cookout, Bojangles, Take 5 Oil Change, and more
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