Restaurant
LongHorn Steakhouse | 15-Years Remaining | Baltimore MSA | Within Synergistic 108-Acre Development
2697 Compromise St, Bel Air, MD 21014
Listing Price: $3,084,112
Investment Overview
The Tenant, LongHorn Steakhouse, is part of the Darden Restaurant Group, a publicly traded company with an investment-grade “BBB” rating from S&P. LongHorn Steakhouse is subject to a new 15-year ground lease with an anticipated opening on March 1, 2025. The lease includes rental increases of 10% every five years during the base term and in each of the four, five-year option periods, providing an excellent hedge against inflation. LongHorn Steakhouse will operate in a 5,780 square-foot building as a full-service, casual dining restaurant with a liquor license allowing beer, wine, and liquor sales. The improvements to the property were constructed at the tenant’s expense, further enhancing the strength of the collateral.
Investment Highlights
- New 15-Year Corporate Darden Ground Lease
- 10 Percent Rental Increases Every Five Years
- Site has Drawn Strong National Tenant Interest Including Olive Garden, Starbucks, Chipotle, Tropical Smoothie and Others
Restaurant
LongHorn Steakhouse | 15-Years Remaining | Baltimore MSA | Within Synergistic 108-Acre Development
Listing Price: $3,084,112
Investment Highlights
- New 15-Year Corporate Darden Ground Lease
- 10 Percent Rental Increases Every Five Years
- Site has Drawn Strong National Tenant Interest Including Olive Garden, Starbucks, Chipotle, Tropical Smoothie and Others
Investment Overview
The Tenant, LongHorn Steakhouse, is part of the Darden Restaurant Group, a publicly traded company with an investment-grade “BBB” rating from S&P. LongHorn Steakhouse is subject to a new 15-year ground lease with an anticipated opening on March 1, 2025. The lease includes rental increases of 10% every five years during the base term and in each of the four, five-year option periods, providing an excellent hedge against inflation. LongHorn Steakhouse will operate in a 5,780 square-foot building as a full-service, casual dining restaurant with a liquor license allowing beer, wine, and liquor sales. The improvements to the property were constructed at the tenant’s expense, further enhancing the strength of the collateral.

