Marketing Package

LONGHORN STEAKHOUSE (DARDEN RESTAURANTS)
NNN GROUND LEASE – 14+ YEARS REMAINING
POOLER, CHATHAM COUNTY, SAVANNAH MSA, GEORGIA
NNN GROUND LEASE – INVESTMENT-GRADE TENANT
$1,500,000
6.25% CAP RATE
Net Lease
Property Sales
INVESTMENT HIGHLIGHTS
 1.76 ACRES GROUND LEASED TO LONGHORN
STEAKHOUSE
 LONGHORN STEAKHOUSE OPERATES MORE THAN 350
RESTAURANTS IN 33 STATES
 LONGHORN STEAKHOUSE/RARE HOSPITALITY
INTERNATIONAL, INC. IS A SUBSIDIARY OF DARDEN
RESTAURANTS (NYSE:DRI)
 DARDEN RESTAURANTS’ S&P CREDIT RATING IS
INVESTMENT GRADE “BBB”
 GROUND LEASE IS NNN (NO LANDLORD COST OR
RESPONSIBILITIES)
Atlanta (Headquarters)
 CURRENT INCOME IS $93,450
 5% RENTAL INCREASES IN REMAINING OPTION PERIODS
 6.25% CAPITALIZATION RATE
PROPERTY HIGHLIGHTS
 SALES AT THIS LOCATION ARE SIGNIFICANTLY ABOVE AVERAGE FOR A
LONGHORN STEAKHOUSE
 WITHIN ONE MILE: TWO NEW THEATRES - POOLER STADIUM CINEMAS
(12 SCREENS) AND ROYAL CINEMAS (10 SCREENS) AND FIFTEEN HOTELS

POOLER PARKWAY IS A MAJOR RETAIL CORRIDOR IN THE CITY OF POOLER
(NORTHWEST SAVANNAH)
 APPROXIMATELY ½ MILE OFF INTERSTATE 95 (EXIT 102) – THIRTY
MINUTES FROM HILTON HEAD
 IN CLOSE PROXIMITY TO THE SAVANNAH/HILTON HEAD INTERNATIONAL
AIRPORT AND GULFSTREAM, THE AREA’S LARGEST EMPLOYER WITH 5000
POSITIONS NOW AND 1000 ADDITIONAL PLANNED
For Additional Information Contact Net Lease Property Sales:
DANIEL EARLES
Senior Investment Sales Advisor
daniele@theshoppingcentergroup.com
813-995-7503
300 Galleria Parkway, 12th Floor
Atlanta, Georgia 30339
phone: 770.955.2434
fax: 770.951.0054
www.theshoppingcentergroup.com
MARK D. COOLEY
Director of Investment Sales
markc@theshoppingcentergroup.com
770-738-2471
9955
ee
ttaatt
s
s
eerr
IInntt
7700
,,22
6611
20
,520
55,5
,24400
3322,2





 AAiirrwwaa

wyy
PPkkw
yyss
lleerr
PPoooo

18,400
18,400
1177
,,0099
00


ss AA
vvee
18,400
18,400
,46600
1100,4
DDee
aann
FFoo
rreess
tt
RRdd


Rdd
R
uussttaa
Auugg
A


68,9
68
,990
90
1155,,88
8800
Savannah
Savannah // Hilton
Hilton Head
Head
International
International Airport
Airport
1166
,,88
3300
UUSS
HHw
wyy
8800
1155
,,3399
00
3322
,,66
4400

IInnttee
rrss aa
tt ttee
9955
3366,,66
9900
USS H
U
Hw
wyy 8800
6666,,66
7700
PPoo
oollee
rr PP
kkw
wyy
9900
,,33
2233
IInnttee
rrsstt
aattee
1166
00
5511
88,,
0
00
00
0
53
53,6
,630
30
Logos are for identification purposes only and may be trademarks of their respective companies.
(Aerial Photo Date: 7-10)
0.5
0.5
0.5
0.5
0.5
0.5
1
11
11
1
miles
miles
Lat: 32.1266 Long: -81.2437 Zoom: 11.16
Interstate 95 & Pooler Parkway
Jimmy
Jimmy DeLoach
DeLoach Pkwy
Pkwy
Pooler
© 2012, The Shopping Center Group, All Rights Reserved. Jacksonville Office (904) 565-2635.
Rdd
R
uussttaa
Auugg
A
Cambria Suites
Suites
Cambria
Candlewood Suites
Suites
Candlewood
Comfort Inn
Inn &
& Suites
Suites
Comfort
Country Inn
Inn &
& Suites
Suites
Country
Embassy Suites
Suites
Embassy
Fairfiled Inn
Inn &
& Suites
Suites
Fairfiled
Hampton Inn
Inn &
& Suites
Suites
Hampton
Hawthorn Suites
Suites by
by Wyndham
Wyndham
Hawthorn
Hilton Garden
Garden Inn
Inn
Hilton
Holiday Inn
Inn Express
Express
Holiday
Red Roof
Roof Inn
Inn
Red
SpringHill Suites
Suites
SpringHill
Staybridge Suites
Suites
Staybridge
TownePlace Suites
Suites
TownePlace
Wingate
Wingate by
by Wyndham
Wyndham
This map was produced using data from private and government sources deemed to be reliable, however the information herein is provided without any representation or warranty.
Hotels near
near I-95
I-95 &
& Pooler
Pooler Pkwy
Pkwy
Hotels
February 2012
INVESTMENT SUMMARY
SITE/AREA INFORMATION
SITE SIZE:
ZONING:
MUNICIPALITY:
ADDRESS:
AREA:
ACCESS:
1.76 ACRES
C-1 (CITY OF POOLER)
CITY OF POOLER – CHATHAM COUNTY
300 POOLER PARKWAY, POOLER, GA
EXIT 102 ON I-95 – NW SAVANNAH
FULL-ACCESS ON TRADERS WAY AND
MAXWEL DRIVE
BUILDING SIZE:
5627 SQUARE FEET
PARKING:
113 SPACES
CITY/COUNTY WEBSITES: WWW.POOLER.GA.US
WWW.CHATHAMCOUNTY.ORG
TENANT INFORMATION
TENANT:
PARENT COMPANY:
NYSE TICKER SYMBOL:
S&P CREDIT RATING
COMPANY WEBSITES:
LONGHORN STEAKHOUSE
DARDEN RESTAURANTS
DRI
BBB (DARDEN RESTAURANTS)
WWW.LONGHORNSTEAKHOUSE.COM
WWW.DARDEN.COM
LEASE INFORMATION
LEASE TERM:
INTIAL TERM:
LEASE OPTION:
LEASE COMMENCED:
INTIAL RENT:
CURRENT RENT:
OPTION RENT:
30 YEARS (SEP 2006-AUG 2036)
10 YEARS
2 REMAINING X 5 YEARS EACH
SEP 2006
2006-2011
$89,000
2011-2026
$93,450
2026-2031
$98,122
2031-2036
$103,028.63
LEASE ENTITY:
RARE HOSPITALITY INTERNATIONAL
INC (ACQUIRED BY DARDEN
RESTAURANTS INC IN SEP 2007)
RIGHT OF FIRST REFUSAL TENANT HAS 15 DAYS TO EXERCISE A
RIGHT OF FIRST REFUSAL
MISCELLANEOUS INFORMATION
GULFSTREAM.COM – GULFSTREAM AEROSPACE CORPORATION
SAGIS.ORG - SAVANNAH AREA GIS
INVESTOR.DARDEN.COM/FINANCIALS.CFM -DARDEN FINANCIALS
SAVANNAHNOW.COM - SAVANNAH MORNING NEWS
SAVDAILYNEWS.COM - SAVANNAH DAILY NEWS
SAVANNAHTRIBUNE.COM - SAVANNAH TRIBUNE
THESPIRITNEWSPAPER.COM – LOCAL POOLER NEWSPAPER
SAVANNAHAIRPORT.COM – SAVANNAH/HILTON HEAD AIRPORT
FOR ADDITIONAL INFORMATION
CONTACT
NET LEASE PROPERTY SALES
DANIEL EARLES
MARK COOLEY
813-995-7503
770-738-2471
The Net Lease Property Sales Division of The
Shopping Center Group, LLC is offering to qualified
investors the opportunity to own a fee-simple
interest in this property that is under a NNN Ground
Lease to LongHorn Steakhouse. The property is
located in Pooler Georgia, home of Gulfstream
Aerospace Corporation and of the Savannah/Hilton
Head International Airport, just northwest of
Savannah.
The property is 1.76 acres located on Pooler
Parkway at Exit 102 off Interstate 95 in a major
retail corridor consisting of national tenants that
include Walmart, Sam’s Club, The Home Depot, and
Publix Supermarkets, two new movie theatres –
Pooler Stadium Cinemas (12 screens) and Royal
Cinemas (10 screens), and 15 hotels.
The site is under a ground lease to LongHorn
Steakhouse/Rare Hospitality International, Inc., a
subsidiary of Darden Restaurants (NYSE:DRI), the
world’s largest full-service restaurant company with
annual sales of $7.5 billion. LongHorn Steakhouse
boasts annual sales in its 350+ restaurants of nearly
$1 billion.
LongHorn Steakhouse invested approximately $2
million to build this restaurant in 2006. The sales
for this location are 40% greater than the average
LongHorn Steakhouse. Given their success at this
location, LongHorn Steakhouse has agreed to
exercise the first two options of the lease early in
exchange for a flat rent for those option periods (see
“Lease Information” in the side bar), therefore
making the remaining lease term in excess of
fourteen years going through 2026.
FEE-SIMPLE OFFERING OF A NNN GROUND-LEASED PROPERTY
300 POOLER PARKWAY, POOLER, CHATHAM COUNTY, GEORGIA
ATTENTION: This brochure has been prepared to provide summary information to
prospective purchasers and to establish a preliminary level of interest in the property
presented. It does not, however, purport to present all material information regarding
the subject property, and it is not a substitute for a thorough due diligence
investigation. In particular, The Shopping Center Group, LLC has not made any
investigation and makes no warranty or representation with respect to the financial
condition or business prospects of any tenant or any tenant’s plans or intentions to
continue or renew its occupancy of the subject property. The information contained in
the brochure has been obtained from sources we believe to be reliable; however,
The Shopping Center Group, LLC has not conducted any investigation regarding
these matters and makes no warranty or representation whatsoever regarding the
accuracy or completeness of the information provided.
The Shopping Center Group name is a registered trademark of The Shopping Center
Group, LLC.
The Shopping Center Group logo is a registered service mark of The Shopping
Center Group, LLC.
Text and content © 2011 The Shopping Center Group, LLC
FOR ADDITIONAL INFORMATION CONTACT NET LEASE PROPERTY SALES DANIEL EARLES MARK COOLEY 813-995-7503
770-738-2471