INVESTMENT OFFERING
SAB Capital is pleased to present LongHorn Steakhouse in Columbus, GA, the 3rd most populous city in Georgia. The tenant currently has 2 years left in their absolute triple net (NNN) lease. The property boasts robust local population growth with a 7.9% increase in a 5-mile radius since 2010. Located just 500 feet from I-185 the property has direct access to an interstate highway. The operator has 287 units and is growing.
- LongHorn Steakhouse in Columbus, GA | The 3rd Most Populous City in Georgia
- Zero Landlord Responsibilities | Triple Net (NNN) Lease Structure
- Committed Tenant | Exercised Options Early, Strong Sales
- Robust Local Population Growth | 7.9% Increase in 5 Mile Radius Since 2010, Projected 4.2% Rise Through 2028
- Healthy Sales Performance | Tenant Triggers On Average $24,087 In Percentage Rent Since 2021
- Robust Sales Growth | 9.6% Average Annual Increase in Sales Volume Since 2021
- Proven Long Term Location | LongHorn Steakhouse Has Operated Here For Over 14 Years
- Close Proximity to Interstate Highway | Under 500 Feet From I-185
- National Retailers Located Nearby | Dunkin’, McDonald’s, T.J. Maxx, and Many More
| Tenant | Price | Cap Rate | Lease Type | Square Feet | Status |
|---|---|---|---|---|---|
| LongHorn Steakhouse | $2,000,000 | 5.70% | NNN | 5710 | Available |
