Restaurant
Longhorn Steakhouse Ground Lease
5770 N Elizabeth St, Pueblo, CO 81008
Listing Price: $2,617,000
Investment Overview
LongHorn Steakhouse is a leading full-service casual dining steakhouse concept founded in Atlanta, Georgia in 1981. The chain has grown from a single Atlanta restaurant into a national concept with more than 600 restaurants. The brand expanded throughout the United States before being acquired by Darden Restaurants, Inc. (NYSE: DRI) in 2007 as part of Darden’s acquisition of RARE Hospitality International. Today, LongHorn is part of Darden’s portfolio of nationally recognized restaurant brands, which also includes Olive Garden, Ruth’s Chris Steak House, The Capital Grille, Yard House, Cheddar’s Scratch Kitchen and others. Darden operates more than 2,200 restaurants across its portfolio.
Pueblo is home to nearly 112,000 residents. A sub-$300,000 median home price and a drive of under an hour to Colorado Springs make Pueblo an affordable option for residents commuting to the larger city for work. It is the principal city of the Pueblo metropolitan area and a major city of the Front Range Urban Corridor.
Longhorn Steakhouse Ground Lease
Investment Highlights
- Brand New 10-Year Absolute Triple-Net (NNN) Ground Lease - 2026 Construction
- Ten Percent Rental Increases Every Five Years with Multiple Renewal Options
- LongHorn Steakhouse's is Part of Darden Restaurants (NYSE: DRI), the World's Largest Full-Service Restaurant Group with 2,200 Locations Across its Portfolio
- Strong Growth within the Immediate Trade Area - Households Projected to Increase Nearly Nine Percent within One Mile by 2030
- Excellent I-25 Visibility & Access - Positioned Immediately off Interstate 25 Traveled by Over 49,000 Cars per Day
- Strategic Pueblo Location Along I-25, the Primary North-South Corridor Connecting Pueblo and Colorado Springs
Broker of Record
-
Adam Lewis
Senior Managing Director, Market Leader- Colorado/Idaho
Financing By
Listing Price: $2,617,000
Investment Highlights
- Brand New 10-Year Absolute Triple-Net (NNN) Ground Lease - 2026 Construction
- Ten Percent Rental Increases Every Five Years with Multiple Renewal Options
- LongHorn Steakhouse's is Part of Darden Restaurants (NYSE: DRI), the World's Largest Full-Service Restaurant Group with 2,200 Locations Across its Portfolio
- Strong Growth within the Immediate Trade Area - Households Projected to Increase Nearly Nine Percent within One Mile by 2030
- Excellent I-25 Visibility & Access - Positioned Immediately off Interstate 25 Traveled by Over 49,000 Cars per Day
- Strategic Pueblo Location Along I-25, the Primary North-South Corridor Connecting Pueblo and Colorado Springs
Investment Overview
LongHorn Steakhouse is a leading full-service casual dining steakhouse concept founded in Atlanta, Georgia in 1981. The chain has grown from a single Atlanta restaurant into a national concept with more than 600 restaurants. The brand expanded throughout the United States before being acquired by Darden Restaurants, Inc. (NYSE: DRI) in 2007 as part of Darden’s acquisition of RARE Hospitality International. Today, LongHorn is part of Darden’s portfolio of nationally recognized restaurant brands, which also includes Olive Garden, Ruth’s Chris Steak House, The Capital Grille, Yard House, Cheddar’s Scratch Kitchen and others. Darden operates more than 2,200 restaurants across its portfolio. Pueblo is home to nearly 112,000 residents. A sub-$300,000 median home price and a drive of under an hour to Colorado Springs make Pueblo an affordable option for residents commuting to the larger city for work. It is the principal city of the Pueblo metropolitan area and a major city of the Front Range Urban Corridor.
Broker of Record
-
Adam Lewis
Senior Managing Director, Market Leader- Colorado/Idaho
Financing By
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