Retail    

LongHorn Steakhouse (Ground Lease)

 Woodstock, Georgia

Asking Price

$3,600,000

Cap Rate

5.35%

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Expenses

Abs. NNN

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Year Built

1999

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Lease Type

Ground Lease

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NOI

$192,686

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Rent Increases

10% Every 5 Yrs

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INVESTMENT HIGHLIGHTS

  • Corporate Lease | Investment Grade Tenant (S&P:BBB) | $10.5B in Total Sales
  • Woodstock’s Premier Retail Destination | Towne Lake Center | 1.6M Annual Visits
  • Ground Lease | 1.67 AC | Absolute NNN | 10% Rent Increases
  • 25-Year Operating History | Outstanding Unit Sales
  • Affluent Atlanta Suburb | 2.36% Population Growth | $126,000+ AHHI
  • Visible From Towne Lake Parkway (± 44,800 VPD)

Exclusively Listed By

Brad Moulder

Senior Vice President
  bmoulder@northmarq.com      918.794.9551

Ryan Butler

Regional Managing Director
  rbutler@northmarq.com      918.794.9514
Georgia Broker License #365122

Anne Perrault

Vice President
  aperrault@northmarq.com      918.794.9538

David Annett

Associate Vice President
  dannett@northmarq.com      918.794.9523

Brandon Sherrill

Senior Associate
  bsherrill@northmarq.com      918.794.9558

Joe Habighorst

Lead Investment Analyst
  jhabighorst@northmarq.com   

Lindsey Vedros

Operations Analyst
  lvedros@northmarq.com   

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