Columbus, GA - Longhorn Steakhouse

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest in an absolute NNN, freestanding, corporate signed, LongHorn Steakhouse investment opportunity located in Columbus, GA. The tenant, Rare Hospitality International, Inc. (dba LongHorn Steakhouse) has over 5.5 years of firm term remaining with an additional 4 (5-year) option periods to extend. The lease features 10% rental increases at the beginning of each option period, growing NOI and hedging against inflation. The lease is signed by the corporate entity and is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. Founded in 1981, LongHorn Steakhouse is among the leading steakhouse chains with over 590 operating restaurants across 43 states.

LongHorn is strategically located along Macon Road with clear visibility and access to an average of 39,400 vehicles passing by daily. The property also benefits from direct access onto Interstate 185 (70,000 VPD), making it a centralized location with easy access. The property is ideally situated within a dense retail trade area and lies as an outparcel to Cross Country Plaza, a 371K+ SF Lifestyle Center anchored by Publix and TJ Maxx. The additional surrounding tenants include ALDI, Chick-fil-A, CVS Pharmacy, Winn-Dixie, DaVita Dialysis, and others. The dense retail trade area drives a steady stream of loyal, local consumers to the area, promoting crossover exposure and contributing to the local economy. Furthermore, the property is near numerous single-family communities and multi-family complexes including Woodville (95 units), Azalea Ridge (144 units), Greystone at the Country Club (199 units), and others, providing a direct residential consumer base. The 5-mile trade area is supported by over 172,900 residents and 93,900 daytime employees, with a healthy annual household income of $72,004.