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LongHorn Steakhouse Ground Lease

10170 U.S. 431, Albertville, AL, 35950
For Sale

Property Details

  • Price: $3,451,000
  • Property Type: Retail
  • Availability: Available
  • Transaction Type: For Sale
  • Cap Rate: 5.65%
  • Building Size: 5,780 SF
  • Lot Size: 1.87 AC
  • Lease Type: Ground Lease
  • Year Built: 2025
  • Tenancy: Single Tenant

Property Description

Investment Highlights

  • Brand New 10-Year Ground Lease – Zero landlord responsibilities
  • Corporate Lease with Rare Hospitality International, Inc. – $3.423 billion total revenue for fiscal 2026 across 618 locations with plans to add over 20 locations in 2026
  • $5,600,000 Average Unit Volume (AUV) for Fiscal 2026 – A 7.2% increase year-over-year and 3.48% implied rent to sales ratio
  • Longhorn Steakhouse is a Division of Darden Restaurants, Inc. (NYSE: DRI) – Operating 2,196 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 2025 Construction with Latest Prototype Design – Large 1.87 acre parcel

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Financial Summary

Investment Highlights

Price $0.00
Price / Unit $0.00
Gross Rent Multiplier 0.00
Proposed Loan Amount $0.00
Initial Investment $0.00

 

Income & Expenses

Income
Potential
Current

 

Expense
Potential
Current
Total Expenses
$ 0.00
$ 0.00
Net Operating Income $0.00 $0.00
Less Debt Service $0 $0
Potential Net Cash Flow $0.00 $0.00
Cash on Cash Return 0.00 % 0.00 %
Capitalization Rate 0.00 % 0.00 %

Rent Roll

Unit
BR/BA
Current Monthly Rent
Potential Monthly Rent
Status
Lease Expires

Totals

$ 0.00

$ 0.00

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