Ringgold, GA - Longhorn Steakhouse

Description:

• The tenant just recently signed a brand new 10-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 10% rental increases every 5 years and at the beginning of each option, growing NOI and hedging against inflation
• Headquartered in Orlando, LongHorn has more than 622 restaurants across 44 states and is a division of Darden Restaurants, Inc., (NYSE: DRI), which owns and operates more than 2,100 restaurants

• The subject property is ideally located in a dense retail corridor, with numerous nearby national/credit tenants including Walmart Supercenter, Publix, Marshall’s, Ross, Petco, Hobby Lobby, Burlington, and many more
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site
• The site is in close proximity to the brand new CHI Memorial Hospital (35 beds), further increasing consumer traffic to the site

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Listing ID: a28TP0000024kpVYAQ