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Virtual Drive-By

Longhorn Steakhouse Absolute NNN

8919 Charlotte Hwy · Indian Land, SC 29707 · QSR / Restaurant

Asking price
$3,580,000
Cap rate
5.00%
NOI
$179,000

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Lease

Lease typeAbsolute NNN
Term remaining10.3 yrs
Expiration10/2036
Rent bumps10% Every 5 Years and in Options
Options4 x 5-year extension options
Ground leaseYes
Credit profileCredit Rated + Corporate Guarantee
TenancySingle

Planning a 1031 Exchange

Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.

Property

Building SF5,780
Price / SF$619
Year built2026
Lot size2.13 ac
TypeRestaurant, Storefront
Days on market6

Need year-one bonus depreciation

Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.

Investment highlights

​COSTCO-ANCHORED MIXED-USE DEVELOPMENT

  • ​Located within The Exchange at Indian Land, a 130-acre mixed-use development anchored by Costco and Lowes Foods with 400+ apartments and 320 townhomes planned.

​FAST-GROWING CHARLOTTE SUBMARKET

  • ​Located in Lancaster County, the Charlotte region's fastest-growing county, with frontage along Charlotte Highway (US-521), the primary corridor connecting Indian Land and Ballantyne.

AFFLUENT TRADE AREA

  • ​Exceptional demographics with average household incomes of $167,000 within three miles and $188,000 within five miles, supporting long-term retail demand.

​NEW 10-YEAR CORPORATE LEASE | 10% RENT INCREASES

  • ​Brand-new 10-year absolute NNN ground lease commencing November 2026 with 10% rent increases every five years. The lease is backed by a full corporate guaranty from Darden Restaurants (NYSE: DRI).

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INVESTMENT-GRADE DARDEN GUARANTY

  • ​Guaranteed by Darden Restaurants (NYSE: DRI), the nation's largest full-service restaurant operator with 2,200+ locations, $13.2 billion in fiscal 2026 revenue, and investment-grade credit ratings (S&P: BBB / Moody's: Baa2).

​ABSOLUTE NNN GROUND LEASE

  • ​Fee simple ownership under an absolute NNN ground lease with zero landlord responsibilities, providing passive, management-free ownership with no maintenance or capital expenditure obligations.

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Asking-market observation aggregated from public listing sources, last observed Sep 25, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.