LongHorn Steakhouse 106 Bass Pro Dr 6,594 SF Retail Building Harlingen, TX 78552 $6,976,500 CAD ($1,058.01 CAD/SF) 5.50% Cap Rate

The Boulder Group is pleased to exclusively market for sale a single tenant LongHorn Steakhouse sale-leaseback located in Harlingen, Texas. LongHorn Steakhouse has successfully operated at this location since 2012, establishing more than a decade of proven operating history at the site. The proposed lease will feature 10% rental escalations every ?ve years throughout the primary term and four 5-year renewal options. The absolute NNN structure leaves the landlord with zero property-level responsibilities. Additionally, the lease is with RARE Hospitality International, Inc., a wholly owned subsidiary of Darden Restaurants, Inc. (NYSE: DRI), which carries an investment-grade BBB credit rating from S&P. This is a rare opportunity to acquire a fee simple Darden restaurant concept, allowing the future landlord to take advantage of depreciation.
The 6,594-square-foot building sits on an outparcel to Bass Pro Shops Outdoor World at the interchange of Interstate 2 and Interstate 69E, which carries approximately 90,000 vehicles per day. The property bene?ts from its location within a dense retail corridor anchored by national brands including Target, Kohl’s, H-E-B, Walmart Supercenter, Sam’s Club, and Burlington, among many others. The property lies within ten minutes of Valley Baptist Medical Center—a 586-bed regional hospital and one of the area’s largest employers—as well as Harlingen South High School, which serves 1,600 students. Approximately 99,000 residents live within a ?ve-mile radius of the property, with an average household income exceeding $79,000. The Brownsville-Harlingen MSA ranked among Area Development magazine’s Top 4 Leading Metro Locations for 2025, propelled by the rapid expansion of SpaceX’s Starbase, which is projected to grow to approximately 8,000 workers.
Longhorn Steakhouse, founded in 1981 in Atlanta, GA, is a popular American restaurant chain renowned for its fresh, boldly seasoned steaks. Now headquartered in Orlando, FL, it operates more than 600 restaurants across 43 states. The chain is owned by Darden Restaurants, Inc. (NYSE: DRI), the world’s largest company-owned and operated full-service restaurant group. The chain is known for its hand-cut steaks grilled by trained grill masters, along with a menu that includes ribs, chicken, seafood, salads, and signature items such as the bone-in Outlaw Ribeye and Flo’s Filet. Today LongHorn ranks among the largest casual steakhouse chains in the United States and remains one of Darden’s strongest-performing brands.