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| Price $3,778,000 | Built/Renov 2024 | Tenant Texas Roadhouse (GL) |
| Cap Rate 4.50% | Lease Type
Abs NNN | Guarantor Corp Traded |
| Size/SF
7,926
| Lease Start
08-01-2024
| #Units
635
|
| Price/SF $476.66 | Expiration
08-01-2039
| Tenant Type Casual Dining |
| NOI $170,000 | R. Term 14.7 | Ownership Ground Lease |
| Rent/SF
$21.45
| Increases 10.0%/5/yrs | Pop 5Mi 46,667 |
| Lot/AC 2.14 | Options 3/5yrs/10% | AHHI 5Mi $77,330 |
| | |
Texas Roadhouse is strategically located on North Lecanto Highway, with access to 24,200 vehicles passing by daily. The property serves as an outparcel to the Shoppes at Black Diamond, a recently developed retail center anchored by Target, ALDI, KFC, Starbucks, 7-Eleven, Express Oil, and Texas Roadhouse, and more. Additionally, it is close to several single-family communities and multi-family...
...New construction
Near major nationals
Shopping Ctr out-parcel
Top 100 MSA
Income tax free state
Brand new lease
Long 15+ yr lease
Corporate Guarantee
Publicly traded company
Over 500 units backed
Texas Roadhouse is an American s teakhouse that began in 1993 in Clarksville, IN. The chain specializes in Texas and Southwestern-style cuisines and is known by its “Legendary Food,...
| 1 Miles | 3 Miles | 5 Miles | |
| 2029 Total Population : | 1,514 | 23,992 | 50,037 |
| 2024 Total Population : | 1,448 | 22,938 | 47,897 |
| 2024 Employed Civilian Pop : | 444 | 7,043 | 15,191 |
| 2024 Total Businesses : | 95 | 620 | 1,335 |
| 2024 Average Household Income : | $ 86,835 | $ 89,416 | $ 86,060 |
| 2024 Total Consumer Spending : | $ 42 M | $ 826 M | $ 1636 M |
| 2024 Median Age : | 63 | 63 | 62 |
| 2024 Total Households : | 554 | 10,407 | 21,440 |
| 2024 Pop Age 25+: Bachelor's Degree : | 245 | 3,058 | 6,012 |
| 2024 Average Home Value : | $ 387,106 | $ 364,497 | $ 344,746 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| West Norvell Bryant Highway | N Lakecrest Loop | 2022 | 13,000 | 1.34 mi |
| West Pearson Street | W Pearson St | 2022 | 3,200 | 1.91 mi |
| Roosevelt Boulevard | S Columbus St | 2022 | 6,200 | 2.10 mi |
| West Mustang Boulevard | N Wigwam Ter | 2022 | 3,300 | 2.38 mi |
| Gulf to Lake Highway | W Ancona Path | 2022 | 18,300 | 2.63 mi |
| W Gulf To Lake Hwy | N Van Nortwick Rd | 2005 | 25,000 | 2.79 mi |
| South Lecanto Highway | W Southern St | 2022 | 6,000 | 2.80 mi |
| North Forest Ridge Boulevard | W Lake Beverly D | 2022 | 12,600 | 2.88 mi |
| North Essex Avenue | E Eureka Ct | 2022 | 3,400 | 2.97 mi |
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
