Net Lease Longhorn Property Profile and Cap Rates Date September 28, 2020
Net Lease Longhorn – Typical Property and Lease Terms
| Price Range: | $2.5M - $4M |
| Cap Rate: | 5.25% - 5.75% |
| Net Income: | $135,000 - $235,000 |
| Price Per Foot: | $415 PSF - $575 PSF |
| Building Size: | 6,000 SF |
| Lot Size: | 2 Acres |
| Escalations: | 10% Every 5-Years |
| Lease Term: | 10 Years |
| Lease Type: | Ground Lease |
| Credit Rating: | N/A |
Tenant Company Information:
LongHorn Steakhouse is an American casual dining restaurant chain that is owned and operated by Darden Restaurants, Inc., headquartered in Orlando, Florida.[2] As of 2016, LongHorn Steakhouse generated $1.6 billion in sales in its 481 locations.[4]
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