Listed by Colliers - San Diego - Carlsbad, California
$3,609,000
Brand New LongHorn Steakhouse Ground Lease
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 5,780
Cap Rate 5.5%
NOI $198,500
Occupancy 100%
Tenancy Single
Brand/Tenant Longhorn Steakhouse
Lease Type Absolute NNN
Lease Term 10.1
Lease Expiration 03/31/2036
Remaining Term 9.7
Rent Bumps Yes
Year Built 2026
Acreage 2.320
Investment Type Stabilized
Lease Commencement 03/02/2026
Ground Lease No
Hard Corner Outparcel to Publix at Indian Creek
Marketing description
PROXIMITY
- Hard Corner at Signalized Intersection - Outparcel to Publix at Indian Creek
- 54,342 Residents in Primary Trade Area - $99,643 average household income in 3-mile radius
- Surrounded by Several Existing and Under Construction Residential Communities - Barnes Station (142 homes), Locust Grove Station (1,635 lots, 483 homes), Grove Park (165 homes), Birdle Creek (180 homes)
- Excellent Access and Visibility to 14,754 VPD - Direct access to I-75 with 93,000 VPD
- 30 Miles to Downtown Atlanta and Top Logistics Market - Access to 80% of the U.S. market within a 2-day drive
- Over 5 Million SF of Industrial Properties within 3-Mile Radius - Tenants include Home Depot, Ryder, Love’s Travel Stops and Wayfair
Investment highlights
SECURE STREAM OF INCOME
- Brand New 10-Year Ground Lease - Zero landlord responsibilities
- Corporate Lease with Rare Hospitality International, Inc. - $3.01B total revenue in 2025 across over 594 locations with plans to add over 20 locations in 2026
- $5,067,000 Average Unit Volume (AUV) in 2025 - 3.92% implied rent to sales ratio for subject property
- LongHorn Steakhouse is a Division of Darden Restaurants, Inc. (NYSE: DRI) - Operating over 2,100 restaurants with brands including Olive Garden, Ruth’s Chris, Yard House, The Capital Grille, Cheddar’s, Chuy’s, Seasons 52, Eddie V’s and Bahama Breeze Island Grille
- Brand New 2026 Construction with Latest Prototype Design - Large 2.32 acre parcel
Listing Contacts
Listed by Colliers - San Diego - Carlsbad, California
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$198,500.00
$16,541.67/mo
Valuation Metrics
0
DSCR
5.5%
Cap Rate
5.5%
ROI
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