Log In/Sign Up
Your email has been sent.
Longhorn Steakhouse - Ringgold GA 2583 Pine Grove Rd 5,700 SF Retail Building Ringgold, GA 30736 $4,500,000 ($789.47/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New 10-Year Lease | Scheduled Rental Increases | New Construction | Established Brand
- Dense Retail Corridor | Strong National/Credit Tenant Presence | CHI Memorial Hospital
- Strong Demographics in 5-mile Trade Area | Six-Figure Incomes
- Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
- Signalized, Hard Corner Intersection | Interstate 75 |Excellent Visibility & Access
EXECUTIVE SUMMARY
• The tenant just recently signed a brand new 10-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 10% rental increases every 5 years and at the beginning of each option, growing NOI and hedging against inflation
• Headquartered in Orlando, LongHorn has more than 622 restaurants across 44 states and is a division of Darden Restaurants, Inc., (NYSE: DRI), which owns and operates more than 2,100 restaurants
• The lease features 10% rental increases every 5 years and at the beginning of each option, growing NOI and hedging against inflation
• Headquartered in Orlando, LongHorn has more than 622 restaurants across 44 states and is a division of Darden Restaurants, Inc., (NYSE: DRI), which owns and operates more than 2,100 restaurants
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
5,700 SF
Year Built
2026
Construction Status
Under Construction
Price
$4,500,000
Price Per SF
$789.47
Cap Rate
5%
NOI
$225,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.91 AC
Zoning
C2 - General Commercial
Parking
143 Spaces (25.09 Spaces per 1,000 SF Leased)
AMENITIES
- Corner Lot
- Pylon Sign
- Signalized Intersection
NEARBY MAJOR RETAILERS
1 of 7
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Longhorn Steakhouse - Ringgold GA | 2583 Pine Grove Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.