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| Price $3,263,000 | Built/Renov 2024 | Tenant Texas Roadhouse (GL) |
| Cap Rate 4.75% | Lease Type
Abs NNN | Guarantor Corp Traded |
| Size/SF
7,926
| Lease Start
10-19-2024
| #Units
635
|
| Price/SF $411.68 | Expiration
10-31-2039
| Tenant Type Casual Dining |
| NOI $155,000 | R. Term 14.11 | Ownership Ground Lease |
| Rent/SF
$19.56
| Increases 10.0%/5/yrs | Pop 5Mi 108,520 |
| Lot/AC 1.98 | Options 2/5yrs/10% | AHHI 5Mi $109,158 |
| | |
Texas Roadhouse is strategically located on I-35 N Frontage Road, with access to a robust daily traffic count of 156,668 vehicles. The property is adjacent to the Dry River District Development, a mixed-use commercial area that includes multifamily housing and retail, anchored by Costco, EVO Entertainment, and The Home Depot. Costco attracts 1.6 million annual visits, according to Placer.ai,...
...New construction
High traffic 50M+ VPD
Strategically located
Freeway visibility
Strong tenant synergy
Strong demographics
Income tax free state
Brand new lease
Long 15+ yr lease
Publicly traded company
Texas Roadhouse is an American steakhouse that began in 1993 in Clarksville, IN. The chain specializes in Texas and Southwestern-style cuisines and is known by its “Legendary Food, Legendary...
| 1 Miles | 3 Miles | 5 Miles | |
| 2029 Total Population : | 7,002 | 63,006 | 135,220 |
| 2024 Total Population : | 6,684 | 54,460 | 113,889 |
| 2024 Employed Civilian Pop : | 3,727 | 29,649 | 60,956 |
| 2024 Total Businesses : | 89 | 1,070 | 2,015 |
| 2024 Average Household Income : | $ 100,143 | $ 114,708 | $ 121,518 |
| 2024 Total Consumer Spending : | $ 218 M | $ 1899 M | $ 4136 M |
| 2024 Median Age : | 33 | 33 | 34 |
| 2024 Total Households : | 2,459 | 18,713 | 38,674 |
| 2024 Pop Age 25+: Bachelor's Degree : | 1,006 | 7,742 | 18,419 |
| 2024 Average Home Value : | $ 400,693 | $ 418,581 | $ 419,600 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Amberwood S | 2021 | 26,042 | 0.21 mi | |
| Amberwood S | 2022 | 27,933 | 0.21 mi | |
| Interstate Highway 35 | Kohlers Xing | 2019 | 156,668 | 0.23 mi |
| Purple Heart Trail | I- 35 Frontage | 2022 | 121,648 | 0.24 mi |
| Kohlers Xing | 2021 | 3,941 | 0.25 mi | |
| Kohlers Xing | 2022 | 4,227 | 0.25 mi | |
| Kohlers Crossing | I35 Frontage | 2022 | 6,180 | 0.32 mi |
| Kyle Xing | Co Rd 210 | 2010 | 6,320 | 0.36 mi |
| Windy Hill Road | Dry Hole Rd | 2015 | 12,710 | 0.40 mi |
| Windy Hill Road | Dry Hole Rd | 2015 | 12,808 | 0.43 mi |
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
