16746 Southwest Fwy
Sugar Land, TX 77479
LongHorn Steakhouse · Retail Property For Sale

The LongHorn Steakhouse property is strategically located in a regionally dominant retail corridor within the Houston MSA. The property is located at the corner of a signalized intersection along Interstate 69 (125,240 VPD). The Longhorn Steakhouse is positioned immediately across from First Colony Mall which is anchored by Dillard's, Macy's, Dick's Sporting Goods, JCPenney, AMC, Apple. Additionally, the Longhorn Steakhouse is an outparcel to a Lowe’s, Academy Sports, PetSmart and Ashley HomeStore anchored shopping center. Other retailers in the trade corridor include Costco, Best Buy, Target, Whole Foods and Kroger. The property is also immediately across from Houston Methodist Sugar Land Hospital (305 Beds). There are 202,073 people living within five miles of the property and have an average household income of $138,596. There will be ten years remaining on the corporately guaranteed LongHorn Steakhouse lease upon close of escrow. The lease will feature 1.5% annual rental escalations and require no landlord responsibilities. Additionally, there will be five 5-year renewal option periods. The 6,270 SF LongHorn Steakhouse property features a low rent per square of $18.14. The tenant will be RARE Hospitality International, Inc., a wholly owned subsidiary of Darden Restaurants, Inc., doing business as LongHorn Steakhouse. Darden Restaurants, Inc. (NYSE: DRI) is a multi-brand restaurant operator.