LongHorn Steakhouse

Lot 1, Platt Springs Crossing, Lexington, SC 29073

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Price:

CAP Rate:

NOI:

Year Built / Renovated:

Rentable SF:

Lot Size:

$3,429,000

5.25%%

180,000

2026

5,800

1.89 acres

Investment-Grade Tenant: The Tenant, Rare Hospitality International, Inc., is a wholly owned subsidiary of Darden Restaurants, which operates 618 restaurants across the U.S., Puerto Rico, Guam, and the Philippines. Darden Restaurants experienced year-over-year sales growth of 13.1% resulting in revenues of $3.423 billion.

Strong Lease Terms: This opportunity, structured as an absolute net ground lease, features a brand new 10-year lease term with an additional 20 years in option periods and scheduled 10% rent increases every five years, ensuring long-term reliable income and cash flow stability.

Positioned in One of Columbia’s Fastest-Growing Corridors: Platt Springs Crossing sits at the center of the rapidly expanding Red Bank submarket, fueled by strong high-end residential growth and continued retail investment. The $65 million mixed-use development includes a 51,000-SF Lowes Foods, national retailers and restaurants, medical uses and 141 planned townhomes, with approximately 18,500 VPD on Platt Springs Road and 27,000+ VPD nearby on South Lake Drive.

#1 State for Growth & CRE Demand: South Carolina is one of the nation’s most compelling commercial real estate investment markets, supported by exceptional population growth, corporate investment, and a pro-business economic climate. According to the U.S. Census Bureau, South Carolina was the fastest-growing state in the nation from 2024 to 2025, and CNBC reported that South Carolina ranks #1 among all U.S. states for future potential commercial real estate demand.

Rapidly Developing Market: Columbia, South Carolina’s capital city, has gained recognition as a prime destination and rapidly growing city, attracting major employers like Scout Motors, Michelin, Samsung, Prisma Health, BlueCross BlueShield, Aflac, and many more.

For more information:

Robert Schmidt, CCIM

Director & Shareholder

(864) 678-5995

[email protected]

Peter Couchell, CCIM

Managing Director & Shareholder

(864) 678-5923

[email protected]

Lawrence Myers

Associate

864-313-2817

[email protected]

Documents

Property Summary

Property Type:

Retail

Lot Size:

1.89 Acres

Year Built:

2026

Buildings:

1

Stories:

1

Investment Summary

CAP Rate:

5.25%%

Confidentiality Agreement Form

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This Confidentiality Agreement will confirm the mutual understandings of the Undersigned and Owner of Record in connection with NAI Earle Furman, LLC, dba Furman Capital Advisors, LLC and its client (hereinafter referred to as "Protected Parties") providing proprietary information on the requested property (hereinafter called the “Property”) to the Undersigned:

“Information” means all data, reports, records, materials, lease expirations, lease rates or other lease information obtained from Furman Capital Advisors, LLC which is not in the public domain. Information is not meant to include information which: a) at the time of the disclosure is in the public domain; b) after disclosure becomes part of the public domain through no act or omission by the undersigned; c) as shown by written records was prior to disclosure in the possession of the undersigned; d) is rightfully received by the undersigned from third parties who were entitled to receive such information; or e) is obligated to be disclosed pursuant to applicable law, regulation or legal process.

The information is being furnished solely in connection with the consideration of a potential transaction involving the undersigned and shall be treated as “secret” and “confidential” and no portion of it shall be disclosed to others, except to those employees, agents, clients, and customers of the undersigned whose knowledge of the Information is required for use to evaluate that certain real estate as a potential acquisition and who shall assume the same obligations as the undersigned under this Agreement.

It is understood that the Protected Parties are the beneficiaries whose rights are being protected and may enforce the terms of this Confidentiality Agreement as if they were a party to the Agreement.

All information furnished shall be promptly returned or destroyed should there be no interest in that certain real estate acquisition, or otherwise disposed of as directed by the Protected Parties.

It is understood that the Protected Parties makes no representations or warranty as to the completeness or accuracy as to any information.

It is understood that by furnishing this information that the Protected Parties are not agreeing to enter into a transaction regarding the property.

By electronically signing, you represent and warrant to the other parties that (a) You have read, understand and consent to the agreement (“Agreement), (b) all information that you provide is complete and accurate, and (c) you own or have all rights and authority necessary to enter into and perform under the Agreement.

Confidentiality Agreement

This Confidentiality Agreement will confirm the mutual understandings of the Undersigned and Owner of Record in connection with NAI Earle Furman, LLC, dba Furman Capital Advisors, LLC and its client (hereinafter referred to as "Protected Parties") providing proprietary information on the requested property (hereinafter called the “Property”) to the Undersigned:

“Information” means all data, reports, records, materials, lease expirations, lease rates or other lease information obtained from Furman Capital Advisors, LLC which is not in the public domain. Information is not meant to include information which: a) at the time of the disclosure is in the public domain; b) after disclosure becomes part of the public domain through no act or omission by the undersigned; c) as shown by written records was prior to disclosure in the possession of the undersigned; d) is rightfully received by the undersigned from third parties who were entitled to receive such information; or e) is obligated to be disclosed pursuant to applicable law, regulation or legal process.

The information is being furnished solely in connection with the consideration of a potential transaction involving the undersigned and shall be treated as “secret” and “confidential” and no portion of it shall be disclosed to others, except to those employees, agents, clients, and customers of the undersigned whose knowledge of the Information is required for use to evaluate that certain real estate as a potential acquisition and who shall assume the same obligations as the undersigned under this Agreement.

It is understood that the Protected Parties are the beneficiaries whose rights are being protected and may enforce the terms of this Confidentiality Agreement as if they were a party to the Agreement.

All information furnished shall be promptly returned or destroyed should there be no interest in that certain real estate acquisition, or otherwise disposed of as directed by the Protected Parties.

It is understood that the Protected Parties makes no representations or warranty as to the completeness or accuracy as to any information.

It is understood that by furnishing this information that the Protected Parties are not agreeing to enter into a transaction regarding the property.

By electronically signing, you represent and warrant to the other parties that (a) You have read, understand and consent to the agreement (“Agreement), (b) all information that you provide is complete and accurate, and (c) you own or have all rights and authority necessary to enter into and perform under the Agreement.

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