1918 Veterans Blvd

Investment Highlights

Brand new (2024) construction Great Visibility ? 29,000+ VPD pass along Veterans Blvd 3, 5-year renewal options with 10% rental escalations each option period. Strong Credit Tenant ? Corporate Texas Roadhouse Ground Lease Brand new, 15-year Ground Lease with 10% rental escalations every 5 years. International trade in Del Rio in January 2024 was $283.89M for imports and $182.51M in exports

Executive Summary

The Texas Roadhouse (the ?Property?) is a 7,926 square foot retail property located at 1918 Veterans Boulevard in Del Rio, Texas. The Property opened March 25th, 2024 and will have a 15-year corporate ground lease on 2.109 acres of land. During the original term of the lease, there are built-in base rental escalations of ten percent (10%) every 5 years, along with 3, 5-year renewal options that also have ten percent (10%) rental escalations at the start of each option period.

• Sale Type    Investment
• Property Type    Retail
• Property Subtype    Restaurant
• Building Size    7,926
• Building Class    B
• Year Built    2024
• Price    2,571,429
• Price Per SF    324
• Cap Rate    5.25
• NOI    135,000
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.09
• Land Acres    2.08 AC