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| Price $1,626,088 | Built/Renov 2015 | Tenant Texas Roadhouse (GL) |
| Cap Rate 5.75% | Lease Type
Abs NNN | Guarantor Corp Traded |
| Size/SF
7,163
| Lease Start
08-10-2015
| #Units
635
|
| Price/SF $227.01 | Expiration
08-31-2030
| Tenant Type Casual Dining |
| NOI $93,500 | R. Term 5.9 | Ownership Ground Lease |
| Rent/SF
$13.05
| Increases 10.0%/5/yrs | Pop 5Mi 105,004 |
| Lot/AC 2.82 | Options 4/5yrs/10% | AHHI 5Mi $61,285 |
| | |
Texas Roadhouse is strategically located on Miller Road, with access to 28,433 vehicles passing by daily. The property is conveniently situated just 0.5 miles from Bishop International Airport, Michigan's third busiest airport. It sits directly across the street from Pirates Plaza, which hosts well-known national tenants such as DSW, Sports Authority, Five Below, ULTA, and PetSmart....
...Dense retail corridor
Near major nationals
Strategically located
Freeway close
Strong tenant synergy
Dense 100M+ pop 5 mi
Major MSA
Absolute NNN
Corporate Guarantee
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...
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
