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Restaurant

LongHorn Steakhouse (Recent Construction)

3891 Frontage Rd, Brownsville, TX 78520

Listing Price: $2,655,000

Cap Rate
5.65%
Tenant Name
LongHorn Steakhouse
Years Remaining On Lease
7.8
Gross SF
5,796
Guarantor
Corporate Guarantee
Rentable SF
5,796
Price/Gross SF
$458.07
Lease Type
Ground Lease
Rent Per Square Feet
$25.88

Investment Overview

This offering features a recently constructed LongHorn Steakhouse located along Expressway 77 Frontage Road in Brownsville, Texas, with exposure to approximately 106,362 vehicles per day. The lease is corporate-guaranteed by Rare Hospitality International, Inc., a wholly owned subsidiary of Darden Restaurants (NYSE | S&P: BBB). According to Placer.ai, the location recorded 213,500 visits in 2025, representing a +10.7 percent year-over-year increase. Darden operates both LongHorn Steakhouse and Olive Garden within the development, reflecting an established operational presence at the site.

Investment Highlights

  • Corporate Ground Lease With 7.9 Years Remaining
  • 5,796 SF Freestanding Building Within the 10-Acre Las Palmas Retail Development
  • Frontage on U.S. Route 77 — Major Route to the U.S./Mexico Border (106,362 VPD)
  • Heavy Retail Corridor Near Sunrise Mall
  • Corporate Guarantee — Rare Hospitality International, Inc. is a wholly-owned Subsidiary of Darden Restaurants, Inc. (NYSE: S&P: BBB)
  • Dense Trade Area With 164,014 Residents and 157,812 Daytime Employees (5-Mile Radius)
  • Seven Miles from the Port of Brownsville and Approximately 30 Minutes to Matamoros, Mexico
  • Brownsville–Harlingen Metro | Population of Approximately 430,000

Exclusively Listed By

Restaurant

LongHorn Steakhouse (Recent Construction)

Listing Price: $2,655,000

Cap Rate
5.65%
Tenant Name
LongHorn Steakhouse
Years Remaining On Lease
7.8
Gross SF
5,796
Guarantor
Corporate Guarantee
Rentable SF
5,796
Price/Gross SF
$458.07
Lease Type
Ground Lease
Rent Per Square Feet
$25.88

Investment Highlights

  • Corporate Ground Lease With 7.9 Years Remaining
  • 5,796 SF Freestanding Building Within the 10-Acre Las Palmas Retail Development
  • Frontage on U.S. Route 77 — Major Route to the U.S./Mexico Border (106,362 VPD)
  • Heavy Retail Corridor Near Sunrise Mall
  • Corporate Guarantee — Rare Hospitality International, Inc. is a wholly-owned Subsidiary of Darden Restaurants, Inc. (NYSE: S&P: BBB)
  • Dense Trade Area With 164,014 Residents and 157,812 Daytime Employees (5-Mile Radius)
  • Seven Miles from the Port of Brownsville and Approximately 30 Minutes to Matamoros, Mexico
  • Brownsville–Harlingen Metro | Population of Approximately 430,000

Investment Overview

This offering features a recently constructed LongHorn Steakhouse located along Expressway 77 Frontage Road in Brownsville, Texas, with exposure to approximately 106,362 vehicles per day. The lease is corporate-guaranteed by Rare Hospitality International, Inc., a wholly owned subsidiary of Darden Restaurants (NYSE | S&P: BBB). According to Placer.ai, the location recorded 213,500 visits in 2025, representing a +10.7 percent year-over-year increase. Darden operates both LongHorn Steakhouse and Olive Garden within the development, reflecting an established operational presence at the site.

Exclusively Listed By

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