Longhorn Steakhouse Ground Lease 2004 Nathan Dean Byp 5,780 SF Retail Building Rockmart, GA 30153 $2,368,000 ($409.69/SF) 5.70% Cap Rate

SRS Real Estate Partners is pleased to offer the opportunity to acquire the leased-fee interest in an absolute NNN ground leased LongHorn Steakhouse property located in Rockmart, Georgia. The tenant, Rare Hospitality International, Inc., recently executed a brand-new 10-year lease with four (4) five-year renewal options, demonstrating their long-term commitment to the site. The lease includes 10% rental increases every five years during both the primary term and option periods, supporting steady NOI growth and offering a built-in hedge against inflation. Rare Hospitality International, Inc. is a wholly owned subsidiary of Darden Restaurants, Inc. (S&P: BBB), one of the nation’s largest and most respected full-service restaurant operators. With a diversified portfolio of brands, including Olive Garden and The Capital Grille, Darden provides strong credit and long-term operational stability. The lease is structured as an absolute NNN ground lease with zero landlord responsibilities, making it an ideal, management-free investment opportunity for passive or out-of-state investors.
The property is strategically positioned at the signalized hard-corner intersection of U.S. Highway 278 and Goodyear Avenue, with combined traffic counts of more than 28,800 vehicles per day. This centralized location offers direct access to key commuter routes and is ideally suited for a national restaurant operator. The asset is directly across from a high-performing Walmart Supercenter that sees over 1.7 million annual visitors and is surrounded by national retailers including Chick-fil-A, Zaxby’s, and Advance Auto Parts, driving consistent local traffic and reinforcing the site’s retail strength. This LongHorn Steakhouse serves a broad regional customer base, with the next closest location approximately 20 miles away, offering minimal direct competition in the immediate trade area. The surrounding 10-mile trade area is home to over 39,500 residents and 7,600 employees, with an average household income of $86,862. The property also benefits from proximity to multiple single-family neighborhoods and multifamily developments, providing a stable and growing residential customer base.