Starbucks/Heartland Dental - Lino Lakes, MN
601 Apollo Dr, Lino Lakes, MN, 55014, US
IDR 80,364,414,000 | 598 m²
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.
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Attributes
Asking price
IDR 49,617,705,000
Cap rate
6%
NOI
IDR 2,977,274,000
WAULT
5.7 years
Building area net
704 m²
Land area gross
1.01 ha
Media
Investment Highlights
- 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
Contact brokers
LongHorn Steakhouse - Manchester, CT (0 Properties)
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Last updated
14 Jul 2025
