6015 Argyle Forest Blvd
Jacksonville, FL 32244
Longhorn Steakhouse · Retail Property For Sale

The LongHorn Steakhouse property is strategically located in a regionally dominant retail corridor within the Jacksonville MSA. The property is located immediately off of Blanding Blvd (82,000 VPD.) The Longhorn Steakhouse is an outparcel to Argyle Village shopping center (Publix, Bed Bath & Beyond, Michaels, TJ Maxx, Jo-Ann, Five Below and others.) The restaurant is also positioned near Walmart Supercenter, Sam’s Club, Home Depot, PetSmart, At Home, Best Buy, Burlington, Harbor Freight, Floor & Décor and many other national tenants. LongHorn Steakhouse is easily accessible from Interstate 295 (95,500 VPD.) This is a strong performing location with low rent to sales ratio and rent coverage in excess of 3.5x. 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 Management, LLC, a subsidiary of Darden Restaurants, Inc. Darden Restaurants, Inc. (NYSE: DRI) is a multi-brand restaurant operator.