LongHorn Steakhouse - Lancaster, PA

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire a 5,234 square foot freestanding, single-tenant LongHorn Steakhouse located at 993 Plaza Blvd in Lancaster, Pennsylvania (“Property” or “Asset”). LongHorn Steakhouse is operating on its third renewal option of an initial 10.0-year ground lease with ±5.0 years of lease term remaining and one, five-year renewal option that features a 12.5% rent increase.

Longhorn Steakhouse is a popular American restaurant chain renowned for its fresh, boldly seasoned steaks. The chain is owned by Darden Restaurants, Inc. (NYSE: DRI), the world’s largest company-owned and operated full service restaurant group. Longhorn Steakhouse has demonstrated strong performance, with 2024 sales of $2.8 billion, average annual sales per restaurant of $4.9 million, and same-store sales increase of 7.5%.