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Longhorn Steakhouse Ground Lease 10170 US Highway 431 5,780 SF Retail Building Albertville, AL 35950 $4,780,084 CAD ($827.00 CAD/SF) 5.65% Cap Rate
Executive Summary
- Brand New 10-Year Ground Lease - Zero landlord responsibilities
- Corporate Lease with Rare Hospitality International, Inc. - $3.423 billion total revenue for fiscal 2026 across 618 locations with plans to add over 20 locations in 2026
- $5,600,000 Average Unit Volume (AUV) for Fiscal 2026 - A 7.2% increase year-over-year and 3.48% implied rent to sales ratio
- Corporate Lease with Rare Hospitality International, Inc. - $3.423 billion total revenue for fiscal 2026 across 618 locations with plans to add over 20 locations in 2026
- $5,600,000 Average Unit Volume (AUV) for Fiscal 2026 - A 7.2% increase year-over-year and 3.48% implied rent to sales ratio
Property Facts
Sale Type
Investment
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
5,780 SF
Building Class
B
Year Built
2025
Price
$4,780,084 CAD
Price Per SF
$827.00 CAD
Cap Rate
5.65%
NOI
$270,100 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.87 AC
Zoning
C - Commercial
Parking
130 Spaces (0 Spaces per 1,000 SF Leased)
Frontage
314’ on U.S. 431
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 160931-0-001-078003 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $143,832 CAD |
Property Taxes
Parcel Number
160931-0-001-078003
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$143,832 CAD
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Longhorn Steakhouse Ground Lease | 10170 US Highway 431
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