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| Price $2,476,190 | Built/Renov 2023 | Tenant Texas Roadhouse (GL) |
| Cap Rate 5.25% | Lease Type
Double NN | Guarantor Corp Traded |
| Size/SF
8,160
| Lease Start
03-01-2023
| #Units
635
|
| Price/SF $303.45 | Expiration
02-01-2038
| Tenant Type Casual Dining |
| NOI $130,000 | R. Term 13.2 | Ownership Ground Lease |
| Rent/SF
$15.93
| Increases 10.0%/5/yrs | Pop 5Mi 46,341 |
| Lot/AC 1.62 | Options 4/5yrs/10% | AHHI 5Mi $129,985 |
| | |
Texas Roadhouse is strategically located on Silver Parkway, with access to 6,114 vehicles passing by daily. The property is directly opposite a Walmart Supercenter and is situated within Fenton’s prominent power center, featuring well-known national tenants such as TJ Maxx, Five Below, Michaels, Old Navy, and VG’s Grocery. The 5-mile trade area is supported by a population of 46,341 residents...
...New construction
Build to suit
Near major nationals
Shopping Ctr out-parcel
Freeway close
Affluent AHHI $100K 5 Mi
Major MSA
Long 10+ yr lease
Corporate Guarantee
Publicly traded company
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 : | 3,056 | 27,548 | 43,950 |
| 2024 Total Population : | 3,140 | 28,072 | 44,610 |
| 2024 Employed Civilian Pop : | 1,521 | 14,155 | 22,061 |
| 2024 Total Businesses : | 345 | 1,160 | 1,484 |
| 2024 Average Household Income : | $ 89,351 | $ 119,803 | $ 123,446 |
| 2024 Total Consumer Spending : | $ 111 M | $ 1219 M | $ 1937 M |
| 2024 Median Age : | 41 | 43 | 44 |
| 2024 Total Households : | 1,415 | 11,692 | 18,070 |
| 2024 Pop Age 25+: Bachelor's Degree : | 604 | 5,023 | 7,996 |
| 2024 Average Home Value : | $ 307,119 | $ 327,096 | $ 343,774 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Jennings Rd | 2022 | 13,357 | 0.18 mi | |
| OWEN RD | Jennings Rd | 2020 | 12,417 | 0.18 mi |
| Owen Rd | 2022 | 5,397 | 0.19 mi | |
| TO OWEN ROAD-FENTON TWP. | Owen Rd | 2021 | 5,873 | 0.19 mi |
| Laurel Leah | 2022 | 17,032 | 0.22 mi | |
| BETWEEN SILVER AND JENNINGS (IN FENTON) | Laurel Leah | 2021 | 17,505 | 0.22 mi |
| Owen Rd | 2022 | 4,379 | 0.24 mi | |
| FROM OWEN ROAD | Owen Rd | 2021 | 4,326 | 0.24 mi |
| US Hwy 23 | 2022 | 6,192 | 0.25 mi | |
| TO OWEN ROAD-FENTON TWP. | 2021 | 4,977 | 0.29 mi |
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
