LongHorn Steakhouse 1235 E Dixon Blvd 5,800 SF Retail Building Shelby, NC 28152 $4,690,823 CAD ($808.76 CAD/SF) 5.60% Cap Rate

STRONG LEASE FUNDAMENTALS
- Abs. NNN - Ground Lease with zero landlord responsibilities
- Long term 10 yr lease with 4 x 5 year extensions
- 10% Rental Increases every 5 years
STRONG EXPERIENCED OPERATOR & BRAND
- Rare Hospitality International, Inc owns and operates over 317 restaurants with 287 of those being Longhorn Steakhouses
- Darden Restaurants Inc. recently merged with the restaurant operator to become a 1,500 location restaurant operator
CLOSE PROXIMITY TO MARKET DRIVERS
- Site is positioned under 0.5 miles from Shelby High School
- Shelby High has more than 800 students enrolled and employs more than 55 employees
-Located under 3 miles from the site are market drivers such as The Cleveland County Fair (130K visitors annually), Marion Ridge Apartments (150 Apartments), Magnolia Plantation (300 Homes), and much more
DENSE RETAIL NODE
- Within a 1-mile radius of the Longhorn Steakhouse is more than 1.3M SF of retail space boasting a 3.1% vacancy rate
- Nearby National Retailers Include: Walmart Supercenter (Top 70th percentile nationally, 85th in NC), Lowe’s Home Improvement, Tractor Supply Co., Sears, PetSmart, Harbor Freight, and more
GREAT VISIBILITY ON HIGH TRAFFICKED CORRIDOR
- Site is located along the busy commuter thoroughfare E Dixon Blvd (36K VPD) with a protected left turn lane into the site
- The Longhorn Steakhouse benefits from employees returning home from either Shelby (2.5 Miles from downtown) or Charlotte, NC (38 Miles from downtown)
A TOP PERFORMING MARKET NATIONALLY
- Charlotte, NC ranked #5 in 2022 of best residential markets (Rocket Mortgage)
- Charlotte forecasts a 45.2% job growth over the next 10 years (4.6% growth from 2021 to 2022)