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NNN | Longhorn Steakhouse | Indian Land, SC 8919 Charlotte hwy 5,780 SF Retail Building Indian Land, SC 29707 $3,580,000 ($619.38/SF) 5% Cap Rate
Investment Highlights
- COSTCO-ANCHORED MIXED-USE DEVELOPMENT
- AFFLUENT TRADE AREA
- FAST-GROWING CHARLOTTE SUBMARKET
Executive Summary
COSTCO-ANCHORED MIXED-USE DEVELOPMENT
- Located within The Exchange at Indian Land, a 130-acre mixed-use development anchored by Costco and Lowes Foods with 400+ apartments and 320 townhomes planned.
FAST-GROWING CHARLOTTE SUBMARKET
- Located in Lancaster County, the Charlotte region's fastest-growing county, with frontage along Charlotte Highway (US-521), the primary corridor connecting Indian Land and Ballantyne.
AFFLUENT TRADE AREA
- Exceptional demographics with average household incomes of $167,000 within three miles and $188,000 within five miles, supporting long-term retail demand.
NEW 10-YEAR CORPORATE LEASE | 10% RENT INCREASES
- Brand-new 10-year absolute NNN ground lease commencing November 2026 with 10% rent increases every five years. The lease is backed by a full corporate guaranty from Darden Restaurants (NYSE: DRI).
INVESTMENT-GRADE DARDEN GUARANTY
- Guaranteed by Darden Restaurants (NYSE: DRI), the nation's largest full-service restaurant operator with 2,200+ locations, $13.2 billion in fiscal 2026 revenue, and investment-grade credit ratings (S&P: BBB / Moody's: Baa2).
ABSOLUTE NNN GROUND LEASE
- Fee simple ownership under an absolute NNN ground lease with zero landlord responsibilities, providing passive, management-free ownership with no maintenance or capital expenditure obligations.
- Located within The Exchange at Indian Land, a 130-acre mixed-use development anchored by Costco and Lowes Foods with 400+ apartments and 320 townhomes planned.
FAST-GROWING CHARLOTTE SUBMARKET
- Located in Lancaster County, the Charlotte region's fastest-growing county, with frontage along Charlotte Highway (US-521), the primary corridor connecting Indian Land and Ballantyne.
AFFLUENT TRADE AREA
- Exceptional demographics with average household incomes of $167,000 within three miles and $188,000 within five miles, supporting long-term retail demand.
NEW 10-YEAR CORPORATE LEASE | 10% RENT INCREASES
- Brand-new 10-year absolute NNN ground lease commencing November 2026 with 10% rent increases every five years. The lease is backed by a full corporate guaranty from Darden Restaurants (NYSE: DRI).
INVESTMENT-GRADE DARDEN GUARANTY
- Guaranteed by Darden Restaurants (NYSE: DRI), the nation's largest full-service restaurant operator with 2,200+ locations, $13.2 billion in fiscal 2026 revenue, and investment-grade credit ratings (S&P: BBB / Moody's: Baa2).
ABSOLUTE NNN GROUND LEASE
- Fee simple ownership under an absolute NNN ground lease with zero landlord responsibilities, providing passive, management-free ownership with no maintenance or capital expenditure obligations.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,780 SF
Building Class
B
Year Built
2026
Construction Status
Proposed
Price
$3,580,000
Price Per SF
$619.38
Cap Rate
5%
NOI
$179,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
2.13 AC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Longhorn Steakhouse
- -
- 5,780 SF
- -
- Oct 2036
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Longhorn Steakhouse | - | 5,780 SF | - | Oct 2036 |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Not bikeable
10/100
Nearby Major Retailers
Contacts
-
David Hoppe -
Eric Suffoletto -
Mike Lucier -
Ben Olmstead -
Ben McCarter -
Christopher Wiener -
Connor Kuchman -
Atlantic Capital Partners
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NNN | Longhorn Steakhouse | Indian Land, SC | 8919 Charlotte hwy
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