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| Price $2,300,000 | Built/Renov 2021 | Tenant Texas Roadhouse (GL) |
| Cap Rate 5.00% | Lease Type
Abs NNN | Guarantor Corp Traded |
| Size/SF
7,570
| Lease Start
08-04-2021
| #Units
635
|
| Price/SF $303.83 | Expiration
08-31-2036
| Tenant Type Casual Dining |
| NOI $115,000 | R. Term 11.8 | Ownership Ground Lease |
| Rent/SF
$15.19
| Increases 10.0%/2/yrs | Pop 5Mi 45,354 |
| Lot/AC 0.33 | Options 3/5yrs/10% | AHHI 5Mi $68,992 |
| | |
Texas Roadhouse is strategically located on South Medford Drive, with access to a robust daily traffic count of 50,000 vehicles. The property is an outparcel to the Lufkin Mall and benefits from limited competition, as it is currently the only Texas Roadhouse location within fifty miles. The immediate area is surrounded by well-known national tenants including The Home Depot, Lowe’s, Regions...
...New construction
High traffic 50M+ VPD
Near major nationals
Shopping Ctr out-parcel
Income tax free state
Absolute NNN
Long 10+ yr lease
Limited competition
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 : | 3,130 | 29,818 | 44,538 |
| 2024 Total Population : | 3,205 | 30,076 | 44,920 |
| 2024 Employed Civilian Pop : | 1,393 | 13,311 | 19,705 |
| 2024 Total Businesses : | 422 | 2,063 | 2,479 |
| 2024 Average Household Income : | $ 92,295 | $ 83,687 | $ 83,999 |
| 2024 Total Consumer Spending : | $ 109 M | $ 873 M | $ 1308 M |
| 2024 Median Age : | 37 | 38 | 38 |
| 2024 Total Households : | 1,331 | 11,727 | 17,472 |
| 2024 Pop Age 25+: Bachelor's Degree : | 428 | 3,149 | 4,297 |
| 2024 Average Home Value : | $ 195,512 | $ 235,018 | $ 240,089 |
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
