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LongHorn Steakhouse (Recent Construction) 3891 Frontage rd 5,796 SF Retail Building Brownsville, TX 78520 $3,636,341 CAD ($627.39 CAD/SF) 5.65% Cap Rate
Investment Highlights
- Corporate Ground Lease With 7.9 Years Remaining
- Frontage on U.S. Route 77 — Major Route to the U.S./Mexico Border (106,362 VPD)
- Corporate Guarantee — Rare Hospitality International, Inc. is a wholly-owned Subsidiary of Darden Restaurants, Inc. (NYSE: S&P: BBB)
- 5,796 SF Freestanding Building Within the 10-Acre Las Palmas Retail Development
- Heavy Retail Corridor Near Sunrise Mall
- Dense Trade Area With 164,014 Residents and 157,812 Daytime Employees (5-Mile Radius)
Executive Summary
This offering features a recently constructed LongHorn Steakhouse located along Expressway 77 Frontage Road in Brownsville, Texas, with exposure to approximately 106,362 vehicles per day. The lease is corporate-guaranteed by Rare Hospitality International, Inc., a wholly owned subsidiary of Darden Restaurants (NYSE | S&P: BBB). According to Placer.ai, the location recorded 213,500 visits in 2025, representing a +10.7 percent year-over-year increase. Darden operates both LongHorn Steakhouse and Olive Garden within the development, reflecting an established operational presence at the site.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,796 SF
Year Built
2022
Price
$3,636,341 CAD
Price Per SF
$627.39 CAD
Cap Rate
5.65%
NOI
$205,443 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.85 AC
Nearby Major Retailers
Property Taxes
| Parcel Number | 020301-0000-004011 | Improvements Assessment | $1,922,320 CAD |
| Land Assessment | $758,486 CAD | Total Assessment | $2,680,806 CAD |
Property Taxes
Parcel Number
020301-0000-004011
Land Assessment
$758,486 CAD
Improvements Assessment
$1,922,320 CAD
Total Assessment
$2,680,806 CAD
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LongHorn Steakhouse (Recent Construction) | 3891 Frontage rd
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