JUSTIN EPLEY Associate Author
Although the restaurant appears to be long-term, the LongHorn Steakhouse building is for sale.
That and a handful of other significant commercial properties are available for purchase according to the offers aggregated by the LoopNet website.
These include the LongHorn building at 2156 S. Sterling St., the former Burke Pharmacy building at 301 W. Meeting St., the Queen City Audio-Video Appliances / Labor Connections building at 307 and 309 Sanford Drive , the Specialty Stone site at 100 Carbon City Road, the former Causby Construction building at 522 W. Fleming Drive, the former Maple Grove Store building at 1503 N. Green St., and the former Morganton Christian Academy building at 105 Randall Road.
Large commercial lots are also available at 1307 E. Union St. and 4336 Sundown Road.
According to the LongHorn listing, the building, constructed in 2020, covers an area of 5,000 square feet on 2.05 acres of land and is available for $ 2.8 million. According to Pegasus Investments Real Estate Advisory, the building is leased to LongHorn absolutely triple for a term of 10 years through 2030, including a rent increase of 10% in 2025 – meaning that the tenant is responsible for all costs of the property. LongHorn has four additional 5-year options, each with a 10% rent increase.
The former Burke Pharmacy building in RBV Plaza, available through Morganton-based Stock Properties, was built in 2001, has a construction area of 11,856 square feet on 0.62 acres, and is available for $ 1.2 million. According to the listing, it is 5,928 square feet on the main level and has $ 2,600 per month in rental income on the lower level. It offers additional space for inventory or additional income as well as a new roof.