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4507 S General Bruce Dr
Temple, TX 76502
LongHorn Steakhouse · Retail Property For Sale
PROPERTY FACTS
ABOUT 4507 S GENERAL BRUCE DR , TEMPLE, TX 76502
The LongHorn Steakhouse property is strategically located in a regionally dominant retail corridor. The property is located immediately along Interstate 35 (88,000 VPD) with excellent frontage and is easily accessible. The Longhorn Steakhouse is ideally positioned near other retailers including Target, Home Depot, Best Buy and Cinemark Theatre. The property is also just west of Baylor Scott & White Medical Center (640 beds) one of the primary economic drivers of the Temple economy. 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 6,280 SF LongHorn Steakhouse property features a low rent per square of $18.71. 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.
PROPERTY TAXES
| Parcel Number | 451997 | Improvements Assessment | $1,582,042 |
| Land Assessment | $227,958 | Total Assessment | $1,810,000 |
PROPERTY TAXES
