This LongHorn Steakhouse NNN investment opportunity is located in Pace, Florida and features a new 10-year absolute NNN ground lease to one of the largest and most established casual dining steakhouse brands in the United States. The asset is designed to deliver long-term, passive income with minimal ownership responsibilities.

The lease structure includes 10% rental increases every five (5) years during the initial term and option periods, providing built-in income growth and inflation protection over the long term.

According to the American Customer Satisfaction Index (ACSI) released in March 2024, LongHorn Steakhouse achieved an 80% “net favorability toward taste” score, outperforming key competitors and reinforcing the brand’s strong consumer loyalty.

Same-restaurant sales at LongHorn Steakhouse increased 4% year-over-year in Q1 2024, highlighting consistent operational performance and continued demand within the casual dining sector.

The property benefits from excellent accessibility just off U.S. Route 90, Pace’s primary east-west corridor that runs through the heart of the city and supports strong daily traffic flow.

Dense residential neighborhoods surround the site, providing a reliable and growing customer base that supports sustained restaurant traffic throughout the year.

Located only minutes from downtown Pensacola, the property benefits from its position within the broader Pensacola MSA, a well-established and expanding regional market in Northwest Florida.

Investment Highlights

• Absolute NNN Ground Lease: Zero landlord responsibilities with a corporate-grade lease structure in place
• Strong Traffic Exposure: Positioned along U.S. Route 90 with exposure to approximately 33,000 vehicles per day
• National Retail Synergy: Surrounded by major national retailers and shopping destinations that drive consistent customer traffic
• Military & Employment Base: Strategically located between Naval Air Station Pensacola and Eglin Air Force Base, serving tens of thousands of active-duty personnel and support staff
• Affluent Trade Area: Average household incomes exceed $100,000 within a five-mile radius, supporting strong discretionary spending
• Community Anchors Nearby: Proximity to universities, schools, shopping centers, and regional hubs enhances daily visitation and demand
• Regional Accessibility: Close to Milton and the greater Pensacola area, expanding the draw from surrounding residential communities