LongHorn Steakhouse

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LongHorn Steakhouse

4417 E Black Horse Pike Mays Landing NJ Atlantic County

Sales Price: $1,946,154

Cap Rate: 6.50%

Contact Person(s): Daniel Kukes
Max Lippitt
Kevin Baker
Jason Greenspan

Description:

GROUND LEASE

    Zero Landlord Responsibilities. Tenant is responsible for all property expenses including Taxes, Insurance, CAM, and Roof & Structure.

STRONG NATIONAL TENANT

    This location’s lease is backed by a corporate subsidiary of Darden Restaurants Inc., a publicly traded restaurant operator (NYSE: DRI) with 1,500 restaurant locations and most than 150,000 employees across the world.

NEWER CONSTRUCTION

    Subject property was built in 2012, minimizing the need for future tenant maintenance obligations.

Building Size: 6,600 SF

Lot Size: .33 AC

Tenant Roster: LongHorn Steakhouse

Demographic Info:

Radius: 1 Mile 3 Mile 5 Mile
Population Density: 5,815 21,149 46,100
Avg. HH Income: $79,689 $85,721 $89,181
Daytime Population: 3,952 16,172 24,725

LANDMARK INVESTMENT SALES – Licensed Real Estate Brokers. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates are used for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction, the suitability of the property for your needs.