Case Study: Longhorn Steakhouse (Hanover, MD)

Property Highlights

  • Trophy property located within the Baltimore-Washington MSA
  • Outparcel to the Arundel Mills Outlet Mall, Maryland Live! Casino, a Walmart and a Costco
  • ~5 miles from the Baltimore/Washington International Thurgood Marshall Airport
  • Recently constructed building (2011)
  • Strong rent-to-sales ratio
  • Attractive demographics with 121K people living within a 5-mile radius
  • Olive Garden next door with similar lease terms recently sold at attractive levels

Key Statistics

Restaurant Brand: Longhorn Steakhouse Location: Hanover, MD
MSA: Baltimore
SF: 5,695
Year Built: 2011
Annual Escalators: 1.5%

Demographics (3-mile)

Total Population: 49K
Median Household Income: $88K