LongHorn Steakhouse NNN Properties for Sale (2 Listings)
2 active listings · Updated November 2, 2026
LongHorn Steakhouse is a company-operated casual-dining brand inside Darden Restaurants, Inc., New York Stock Exchange ticker DRI. You are underwriting a public restaurant company and a building that is hard to split. Olive Garden is the sibling diners know. The lease does not care which menu is in the window if the guaranty is the same parent.
Asks are commonly reported around 5 to 6 percent for healthy corporate term. Quick Facts repeats that commonly reported range without claiming it is a verified comp set. The multi-brand book is properties for sale.
Quick Facts
- Typical cap range
- 5.00–6.00%
- Lease type
- Absolute net on many ground leases — confirm the document
- Typical term
- Often about 10 yr remaining on in-place deals
- Credit
- Public — Darden Restaurants, Inc. (NYSE: DRI)
- Guarantee
- Darden affiliate — confirm the guaranty reaches the parent
LongHorn Steakhouse Listings
Listing information is deemed reliable but not guaranteed — pricing, cap rates, and lease terms are subject to change, prior sale, or withdrawal without notice.
Get off-market LongHorn Steakhouse deals
Ground lease or building
A marketed ground lease puts the improvements with the tenant. Your asset is the pad, the access, and the rent. A fee-simple purchase includes the steakhouse itself. Those two deals should not share a price per foot or a cap rate without an adjustment. Confirm taxes, insurance, and structural repairs sit where the flyer says they sit. Casual-dining landlords have been surprised by parking-lot and roof language before.
Why Darden is the credit
Darden is a public multi-brand operator. Ratings exist and change; look up the current print rather than memorizing one. The underwriting question unique to this banner is unit economics of a steakhouse: beef costs move, and rent still has to be a sensible share of sales. Ask where this restaurant sits versus Darden's own averages. You may only get a qualitative answer. A restaurant that the company would not rebuild is a different hold than a new prototype.
Not a drive-thru
Chipotle and Burger King are the fast-food pads buyers line up next to any restaurant lease. They are smaller and easier to re-tenant. This page also points at other casual steakhouse paper when that tenant page exists. LongHorn should be compared with company-operated dinner houses first and with drive-thru QSR second. The category hub is QSR and restaurant net lease.
Alabama and the Sunbelt
LongHorn's map covers the Southeast heavily. Alabama, Florida, Georgia, Tennessee, and Texas are fair browsing states. A Saraland ground lease is a Mobile-area land deal. Underwrite the outparcel, the access, and the years left, then decide if Darden's signature is in the document or only on the sign.
LongHorn Steakhouse NNN FAQs
Who owns LongHorn Steakhouse?
Darden Restaurants, Inc., ticker DRI, the public company that also owns Olive Garden and several other casual-dining brands. LongHorn restaurants are company-operated. That is a different credit from a franchised dinner house. You still need the lease to name a Darden entity and to show whether the parent guarantees the affiliate.
Is a LongHorn a ground lease?
Some are. A ground lease means Darden or its affiliate owns the building and you own the land. Fee-simple deals include the steakhouse building and whatever roof duty the lease did not push to the tenant. The offering cover will say absolute. The lease might agree. Read both, then decide which asset you are pricing.
What yields are commonly reported?
Darden casual-dining asks, including LongHorn, are commonly reported around 5 percent to about 6 percent when the remaining term is healthy and the guaranty is corporate. Shorter terms go wider. Quick Facts is that commonly reported band. It is not a Darden transaction study and it is not owner-verified.
What is the empty-building problem?
A large casual-dining box with a kitchen, a bar, and a parking field. Another sit-down brand is the natural next tenant. Splitting the building for retail is a renovation, not a coat of paint. Darden's credit is why you accept that exit. If the guaranty is weak, the box is the whole story and the cap rate should move.
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