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LongHorn Steakhouse 45 Montrose West Ave 5,691 SF Retail Building Copley, OH 44321 $2,615,766 ($459.63/SF) 6% Cap Rate



Executive Summary
The Boulder Group is pleased to exclusively market for sale a single tenant net leased LongHorn Steakhouse property positioned within the Akron MSA in Copley, Ohio. LongHorn Steakhouse has been successfully operating from this location since 2005 when the property was constructed. LongHorn Steakhouse is currently operating on a lease through June 2030. The lease is absolute triple net and presents no landlord responsibilities. There are 1% annual rental escalations throughout the remaining primary term and five 5-year renewal options. LongHorn Steakhouse is a wholly owned subsidiary of Darden Restaurants, Inc., a publicly traded company (NYSE: DRI)
The 5,691 square-foot building is located in the Montrose commercial district, the area’s premier retail corridor. The property has direct visibility and access to I-77 / SR-21, one of the region’s primary arterials carrying 75,000 vehicles per day, and sits just off Medina Road, which sees 49,000 vehicles per day. The corridor is anchored by Summit Mall and a dense concentration of national retailers including Best Buy, DICK’S Sporting Goods, The Home Depot, Lowe’s Home Improvement, Sam’s Club, Walmart, & many others. The property is also adjacent to the Cleveland Clinic Akron General and Crystal Clinic Orthopedic Center, both of which draw a consistent flow of visitors and patients to the immediate area. The sur-rounding trade area includes 57,000-plus residents within five miles and an affluent average household income exceeding $196,000 within three miles.
LongHorn Steakhouse is an American casual dining restaurant chain specializing in grilled steaks, ribs, chops, chicken, and seafood, founded by George McKerrow Jr. on August 10, 1981, in Atlanta, Georgia. Starting as a single neighborhood location emphasizing fresh, never-frozen beef and a relaxed Western-inspired atmosphere, it grew significantly under RARE Hospitality International before being acquired by Darden Restaurants in 2007 for approximately $1.4 billion. As part of the Darden family—which also includes brands like Olive Garden and The Capital Grille—LongHorn Steakhouse has expanded to over 630+ locations across the United States and select territories as of 2026, maintaining its reputation for high-quality, expertly prepared steaks and a commitment to community giving, including donations of millions of pounds of fresh food since 2008. Headquartered in Orlando, Florida, the chain continues to focus on delivering “steak done right” in a welcoming ranch-style environment.
The 5,691 square-foot building is located in the Montrose commercial district, the area’s premier retail corridor. The property has direct visibility and access to I-77 / SR-21, one of the region’s primary arterials carrying 75,000 vehicles per day, and sits just off Medina Road, which sees 49,000 vehicles per day. The corridor is anchored by Summit Mall and a dense concentration of national retailers including Best Buy, DICK’S Sporting Goods, The Home Depot, Lowe’s Home Improvement, Sam’s Club, Walmart, & many others. The property is also adjacent to the Cleveland Clinic Akron General and Crystal Clinic Orthopedic Center, both of which draw a consistent flow of visitors and patients to the immediate area. The sur-rounding trade area includes 57,000-plus residents within five miles and an affluent average household income exceeding $196,000 within three miles.
LongHorn Steakhouse is an American casual dining restaurant chain specializing in grilled steaks, ribs, chops, chicken, and seafood, founded by George McKerrow Jr. on August 10, 1981, in Atlanta, Georgia. Starting as a single neighborhood location emphasizing fresh, never-frozen beef and a relaxed Western-inspired atmosphere, it grew significantly under RARE Hospitality International before being acquired by Darden Restaurants in 2007 for approximately $1.4 billion. As part of the Darden family—which also includes brands like Olive Garden and The Capital Grille—LongHorn Steakhouse has expanded to over 630+ locations across the United States and select territories as of 2026, maintaining its reputation for high-quality, expertly prepared steaks and a commitment to community giving, including donations of millions of pounds of fresh food since 2008. Headquartered in Orlando, Florida, the chain continues to focus on delivering “steak done right” in a welcoming ranch-style environment.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,691 SF
Building Class
B
Year Built
2005
Price
$2,615,766
Price Per SF
$459.63
Cap Rate
6%
NOI
$156,946
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.73 AC
Zoning
PDD,Copley
Parking
75 Spaces (13.18 Spaces per 1,000 SF Leased)
Frontage
250’ on Montrose W Ave
Amenities
- Freeway Visibility
- Pylon Sign
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- -
- -
- Triple Net
- Jun 2030
LongHorn Steakhouse began in 1981 when George McKerrow Jr. opened a Western-themed eatery in Atlanta, Georgia. The restaurant quickly became known for its steaks and hearty portions. In 2007, Darden Restaurants acquired the chain, expanding its national footprint. Today, the company operates numerous locations across the United States, serving grilled steaks, chicken, seafood, and signature dishes. The brand emphasizes quality ingredients and a welcoming atmosphere.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
Accommodation and Food Services | - | - | Triple Net | Jun 2030 |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 17-00453 | Improvements Assessment | $518,112 |
| Land Assessment | $136,367 | Total Assessment | $654,479 |
Property Taxes
Parcel Number
17-00453
Land Assessment
$136,367
Improvements Assessment
$518,112
Total Assessment
$654,479
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LongHorn Steakhouse | 45 Montrose West Ave
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