Longhorn

Longhorn

1314 US-82
Tifton, GA

Price: $2,115,000
Cap: 4.50%
NOI: $95,166
Building Size: 5,057 SF
Lot Size: 1.51 AC

Investment Highlights

JUST RENEWED 10 YEAR CORPORATE GROUND LEASE
• LongHorn has been operating at this location since 2001 and recently signed a new 10 year corporate ground lease commencing in July 2022.
• Tenant is 100% responsible for all expenses including taxes, insurance, CAM, roof and structure.
• There are 10% rent increases every 5 years in the initial term and in each of the Two, Five year option periods.

LONGHORN STEAKHOUSE | DARDEN RESTAURANTS
• LongHorn Steakhouse is an American casual dining restaurant chain owned and operated by Darden Restaurants, Inc.
• Darden is an investment grade BBB credit rated tenant with more than 1,800 restaurant locations and 175,000 employees making it the world’s largest full-service restaurant company. Longhorn has 559 locations and does over $1.6 billion in annual sales.
• Longhorn was founded in 1981 and is headquartered in Orlando, FL.

ATTRACTIVE INTERSTATE LOCATION
• This LongHorn is located on Hwy 82 (17,900 VPD) and directly off interstate 75 (52,200 VPD).
• I-75 is a major interstate that runs directly through downtown Atlanta and connects North Georgia to Florida.

PRIMARY RETAIL CORRIDOR
• The subject property is well located on Tifton’s main retail corridor with 2 million SF of retail in a 1 mile radius.
• National tenants include Publix, Walmart, Lowe’s Home Improvement, Hobby Lobby and more.

TIFTON
• Tifton is the county seat of Tift County and is a regional hub for healthcare, retail, agriculture, manufacturing, warehousing and distribution, as well as a major stopping point for motorists on their way to Florida destinations.
• Agriculture is the No. 1 industry in the state of Georgia and it’s by far the No. 1 industry in South Georgia, and Tifton plays a major role.
• Abraham Baldwin Agricultural College and University of GA Tifton Campus have a combined $169 Million economic impact on the Tifton Economy.  
•  Tift Regional Medical Center is a 191 bed that is a major economic engine with approximately 2,000 employees and a nearly half-a-billion-dollar impact on the local economy. 
• Downtown Tifton’s occupancy level is at 98% with over 250 businesses situated within Tifton’s Inner-City Business District.                                                                                                                                                                                                               

Don McMinn
OFFERING MEMORANDUM

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