1365 East-West Connector - Restaurant FOR SALE
Austell, GA 30106 |
1365 East-West Connector
Austell, GA 30106
HIGHLIGHTS
- LongHorn executed an early long-term renewal and the neighboring Olive Garden is new on a 15-yr lease
- LongHorn has operated here for 30 years and the ultra-low ground rent is half of the prevailing market rent for new LongHorn deals
- Darden is the nation’s most dominant sit-down restaurant group and carries an investment-grade, BBB credit rating (S&P)
- 735 new housing units were built in the past two years behind Heritage Hills, and Wellstar Cobb Hospital with 1M+ annual visits is a half-mile away
- LongHorn led Darden’s brands in fiscal year 2024 with same-store sales growth of 4.7% and is Darden’s 2nd largest revenue source
- LongHorn serves 190,000 people that live within 5 miles and the nearest LongHorn locations are all at least 6.5 miles away
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
LongHorn Steakhouse
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
TOTAL BUILDING SIZE
5410
STORIES
1
YEAR BUILT
1994
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
19-0922-0-003-0
