Investment Highlights
Positioned within the Atlanta MSA ? Ranked #6 in the United States for population size
New 10-year lease extension through November 2034
Lowe?s Home Improvement outparcel
Wholly-owned subsidiary of Darden Restaurants (S&P: BBB ? Investment grade)
Operating history since 1997
Ground lease ? NNN ? no landlord responsibilities
Executive Summary
The Boulder Group is pleased to exclusively market for sale a single tenant ground leased LongHorn Steakhouse positioned within the Atlanta MSA in Marietta, Georgia. LongHorn has been successfully operating at this location since 1997 and recently executed a 10-year lease extension through November 2034. The subject lease is a triple net ground lease with no landlord responsibilities. There are 10% rental escalations every five years that continue through the two 5-year renewal options.The 5,160 square-foot building benefits from its position on a Lowe?s outparcel along Dallas Highway which has visibility from 37,500 vehicles per day. Neighboring retailers occupying the corridor include Publix, Target, Lowe?s, The Home Depot, Chase Bank, Starbucks, Chick-fil-a, Wells Fargo, and many others. Marietta is an affluent suburb located 30 miles northwest of downtown Atlanta. The average household income within three miles of the subject asset is $165,066. Additionally, there are over 150,000 people living within a five-mile radius. LongHorn Steakhouse is a casual dining restaurant chain renowned for its quality steaks and hearty American cuisine. Established in 1981 in Atlanta, Georgia, LongHorn has expanded across the United States, boasting over 546 locations as of 2024. The restaurant prides itself on its expertly grilled steaks, which are seasoned with a signature blend of spices and cooked to perfection over an open flame. In addition to steaks, LongHorn offers a diverse menu featuring ribs, chicken, seafood, and salads, all prepared with a commitment to freshness and flavor. The restaurant?s rustic yet inviting atmosphere, complete with Western-inspired decor, contributes to its popularity among diners seeking a satisfying and memorable dining experience.
