About This Restaurant
Investment Highlights
15-Year Absolute NNN Ground Lease with 10% Increases Every 5 Years Purchase Price Well-Below Capital Investment Made by Tenant, Average Capital Investment for a New Restaurant is $7.8 Million Brand New High-Quality Construction with a Window for Takeout/Online Orders Corporate Guaranty (NASDAQ: TXRH), 753 Locations and $4.63 Billion in Annual Revenue Average Unit-Level Sales for Texas Roadhouse in 2023 was Approximately $7.6 Million, Up 9.9% YOY Strategic Location, Closest Texas Roadhouse is Over 27 Miles Away
Executive Summary
Property Details
- Sale Type Investment NNN
- Sale Conditions Ground Lease (Leased Fee) Ground Lease (Leased Fee) Build to Suit Ground Lease (Leased Fee)
- Property Type Retail
- Property Subtype Restaurant Restaurant General Retail Freestanding General Retail Storefront Restaurant
- Building Size 7,926
- Year Built 2024
- Price 2,455,000
- Price Per SF 310
- Cap Rate 5.50
- NOI 135,000
- Percent Leased 100
- Building Height 1 Story
| Date Created: | 2024-07-16 04:23:37 | Last Updated: | 2024-07-16 04:23:37 |
| Address: | 3450 Andrew Johnson hwy , Greeneville, Tennessee, 37745 | ||