LongHorn Steakhouse

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN leased, LongHorn Steakhouse investment property located in Sherman, Texas. The tenant, LongHorn Steakhouse, recently signed a brand new 10-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. The tenant plans to open for business in January 2027 (all developer obligations have been met, seller will credit buyer if closing occurs before the rent commencement date).