LongHorn Steakhouse - Manchester, CT

350 Buckland Hills Drive, Manchester, CT, 06042, US

Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the LongHorn Steakhouse (“LongHorn”) located at 350 Buckland Hills Drive in Manchester, Connecticut (“Property” or “Asset”). LongHorn is operating on an absolute NNN ground lease with zero landlord responsibilities and ±5.7 years of lease term remaining.

This unique opportunity allows investors the ability to acquire a passive income stream from a nationally recognized casual-dining operator with high value intrinsic real estate.

CT Broker of Record: Ed Tonnessen - License #: REB.0683830

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Caractéristiques de l'actif

Prix attendu

2 643 000 €

Taux de capitalisation

6 %

Revenu net

159 000 €

WALT

5.7 années

Surface de l'actif Net

704 m²

Taille du terrain Brut

1,01 hectare

Média

Points clés d'investissement

Operating on an absolute NNN ground lease with ±5.7 years of lease term remaining
Outparcel to The Shoppes at Buckland Hills, a top 2% shopping center in CT
LongHorn is the #34 largest restaurant chain in America with $2.8B in 2024 sales
Strong demand characteristics driven by 1-mile AHHI of $124K
At the interchange of I-81 / I-291 with direct access to 153,000 VPD
Within the #1 most visited retail node in CT with 11.6M+ visits annually