Restaurant
Longhorn Steakhouse | 6 Years Remaining | Proximate to Strong Retail & Tourism Drivers
2310 E Lincoln Hwy, Lancaster, PA 17602
Listing Price: $2,849,524
Investment Overview
The Tenant, RARE Hospitality International Inc, d/b/a LongHorn Steakhouse, has six years remaining on an absolute ground NNN lease with four, five-year option periods. The lease features 10 percent rental increases every five years and is guaranteed by Darden Restaurants, Inc., the premier and world’s largest full-service dining company. Darden Restaurants is publicly traded on the New York Stock Exchange under the ticker “DRI” and has an investment grade credit rating of “BBB” by Standard & Poor’s and “Baa2” by Moody’s.
Investment Highlights
- Corporate Ground Lease by Investment Grade Tenant
- Low & Replaceable Rental Rate on High Traffic Road (15,182 VPD)
- County Seat Location Proximate to Philadelphia & Baltimore
Broker of Record
Financing By
Restaurant
Longhorn Steakhouse | 6 Years Remaining | Proximate to Strong Retail & Tourism Drivers
Listing Price: $2,849,524
Investment Highlights
- Corporate Ground Lease by Investment Grade Tenant
- Low & Replaceable Rental Rate on High Traffic Road (15,182 VPD)
- County Seat Location Proximate to Philadelphia & Baltimore
Investment Overview
The Tenant, RARE Hospitality International Inc, d/b/a LongHorn Steakhouse, has six years remaining on an absolute ground NNN lease with four, five-year option periods. The lease features 10 percent rental increases every five years and is guaranteed by Darden Restaurants, Inc., the premier and world’s largest full-service dining company. Darden Restaurants is publicly traded on the New York Stock Exchange under the ticker “DRI” and has an investment grade credit rating of “BBB” by Standard & Poor’s and “Baa2” by Moody’s.
Broker of Record
Financing By

