Texas Roadhouse Ground Lease 6101 Slide Road

Investment Highlights

20 Year Primary Term (18.8 Years Remaining) Top 1% of Sales for the Entire Chain Highest VPD intersection in Lubbock (Over 180,000 per day) LARGEST Texas Roadhouse Ever Constructed Corporate Backed Lease Lease Rate comprised of ground lease where the building is as well as additional rent for parking lot

Executive Summary

Coldwell Banker Commercial, Capital Advisors, the exclusive broker, presents an outstanding opportunity to acquire the Texas Roadhouse located at 6105 Slide Road, Lubbock, TX 79414. This property is secured by a 20-Year Ground Lease, with 18.8 Years remaining.Texas Roadhouse enjoys a prime location just off the main intersection of Slide Road and S. Loop 289, the busiest intersection in Lubbock. This attractive site is adjacent to the South Plains Mall and surrounded by national retailers, ensuring a steady flow of customers.Backed by the renowned Texas Roadhouse Inc., this location has consistently climbed the ranks, currently standing as a Top 2 performer within the organization. Remarkably, it also ranks in the Top 1% of the entire chain for store sales, a testament to its exceptional performance.This opportunity presents a robust prospect for investors seeking to acquire a well-established single-tenant, absolute ground lease in one of the most resilient economic markets in Texas. With its prime location, top-performing status, and strong backing, this investment offers a compelling opportunity for long-term growth and stability.

• Sale Type    Investment NNN
• Sale Condition    Ground Lease (Leased Fee)
• Property Type    Retail
• Property Subtype    Restaurant
• Building Size    10,906
• Year Built    2023
• Price    6,721,200
• Price Per SF    616
• Cap Rate    5
• NOI    336,060
• Percent Leased    100
• Building Height    1 Story