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Virtual Drive-By

Longhorn Steakhouse Absolute NNN

485 Tennessee 76 · White House, TN 37188 · QSR / Restaurant

Asking price
$3,238,095
Cap rate
5.25%
NOI
$170,000

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Lease

Lease typeAbsolute NNN
Term remaining—
Expiration—
Rent bumps10% Every 5
Options4, 5 Year
Ground leaseYes
Credit profileCorporate 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$560
Year built2026
Lot size1.78 ac
TypeRestaurant, Storefront
Days on market4

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

  • ​LONG-TERM COMMITMENT: Brand new 10 year absolute NNN ground lease with 4, 5 year options to extend.
  • ​INVESTMENT GRADE CREDIT: Longhorn Steakhouse is owned by Darden Restaurants, which has an S&P rating of BBB.
  • ​HIGH GROWTH NORTHERN NASHVILLE MARKET: White House Tennessee is seeing tremendous population growth north of 7% year over year.
  • ​ZERO LANDLORD RESPONSIBILITIES: Tenant operates under an absolute NNN ground lease structure, ensuring true passive ownership for investors. All expenses—including taxes, insurance, maintenance, and repairs—are fully covered by the tenant, providing stable income throughout the lease term.
  • ​AFFLUENT SURROUNDING DEMOGRAPHICS: Located in the growing Nashville MSA suburb of White House, Tennessee, the property is anchored by a prosperous customer base, with average household incomes exceeding $105,300 within a 3-mile radius.
  • ​WELL POSITIONED PUBLIX OUTPARCEL: Premier outparcel position directly fronting an established Publix-anchored center along Highway 76, the property captures relentless grocery-driven consumer traffic and commanding highway visibility—anchoring the site within a proven daily-needs destination.
  • ​NASHVILLE MSA: Located in the Nashville MSA—one of the nation’s fastest-growing metros, expanding to ~2.15 million residents and backed by a diversified $168 billion economy.

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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.