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4095 Eastern Blvd
Montgomery, AL 36116
Longhorn Steakhouse · Retail Property For Sale
PROPERTY FACTS
ABOUT 4095 EASTERN BLVD , MONTGOMERY, AL 36116
The LongHorn Steakhouse property is strategically located off of Eastern Blvd (47,690 VPD) and Troy Hwy (40,350 VPD.) Retailers within the immediate area include Walmart Supercenter, Family Dollar, McDonald’s, Dollar General, Hibbett Sports and many other national brand tenants. Longhorn Steakhouse is easily accessible from Interstate 85 (92,780 VPD) and adjacent to Trenholm State Community College – Patterson campus (1,500 students.) Additionally, the restaurant is situated in close proximity to Sam’s Club, Winn Dixie, Lowe’s, Petco, Home Depot, Olive Garden, Chick-Fil-A, Office Depot, Zaxby’s, Dollar Tree and Car-Max. This is a strong performing location with low rent to sales ratio and rent coverage in excess of 3x. There will be five 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 three 5-year renewal option periods. 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. *As of January 2020
PROPERTY TAXES
| Parcel Number | 10-08-34-1-004-001.000 | Improvements Assessment | $104,460 |
| Land Assessment | $62,720 | Total Assessment | $167,180 |
PROPERTY TAXES
