Listed by Atlantic Capital Partners
$3,580,000
Longhorn Steakhouse | Indian Land, SC
Details
Property Type Retail
Sub Type Restaurant, Storefront
Square Footage 5,780
Net Rentable (SqFt) 5,780
Cap Rate 5%
NOI $179,000
Occupancy 100%
Tenancy Single
Brand/Tenant Taco Bell, Burger King
Lease Type Absolute NNN
Lease Term 10
Lease Expiration 10/31/2036
Remaining Term 10.3
Rent Bumps Yes
Lease Options 4 x 5-year extension options
Class A
Year Built 2026
Acreage 2.130
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 11/01/2026
Ground Lease Yes
5.00% CAP | 10Y CORPORATE GROUND LEASE
Investment highlights
COSTCO-ANCHORED MIXED-USE DEVELOPMENT
- Located within The Exchange at Indian Land, a 130-acre mixed-use development anchored by Costco and Lowes Foods with 400+ apartments and 320 townhomes planned.
FAST-GROWING CHARLOTTE SUBMARKET
- Located in Lancaster County, the Charlotte region's fastest-growing county, with frontage along Charlotte Highway (US-521), the primary corridor connecting Indian Land and Ballantyne.
AFFLUENT TRADE AREA
- Exceptional demographics with average household incomes of $167,000 within three miles and $188,000 within five miles, supporting long-term retail demand.
NEW 10-YEAR CORPORATE LEASE | 10% RENT INCREASES
- Brand-new 10-year absolute NNN ground lease commencing November 2026 with 10% rent increases every five years. The lease is backed by a full corporate guaranty from Darden Restaurants (NYSE: DRI).
INVESTMENT-GRADE DARDEN GUARANTY
- Guaranteed by Darden Restaurants (NYSE: DRI), the nation's largest full-service restaurant operator with 2,200+ locations, $13.2 billion in fiscal 2026 revenue, and investment-grade credit ratings (S&P: BBB / Moody's: Baa2).
ABSOLUTE NNN GROUND LEASE
- Fee simple ownership under an absolute NNN ground lease with zero landlord responsibilities, providing passive, management-free ownership with no maintenance or capital expenditure obligations.
Listing Contacts
Listed by Atlantic Capital Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$179,000.00
$14,916.67/mo
Valuation Metrics
0
DSCR
5%
Cap Rate
5%
ROI
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