LongHorn Steakhouse (Recent Construction)

This offering features a recently constructed LongHorn Steakhouse located along Expressway 77 Frontage Road in Brownsville, Texas, with exposure to approximately 106,362 vehicles per day. The lease is corporate-guaranteed by Rare Hospitality International, Inc., a wholly owned subsidiary of Darden Restaurants (NYSE | S&P: BBB). According to Placer.ai, the location recorded 213,500 visits in 2025, representing a +10.7 percent year-over-year increase. Darden operates both LongHorn Steakhouse and Olive Garden within the development, reflecting an established operational presence at the site.