About This Restaurant
Investment Highlights
2006 Build-to-Suit for Texas Roadhouse | 7,245-SF Building on +/-2.02-AC Parcel 10% Rental Increases Every 5-Years and In One, 5-Year Renewal Option | Next Rental Increase Coming in 2026 Outparcel to Tops Market Anchored Shopping Center With Retailers Such as CubeSmart Self Storage, Big Lots, Crunch Fitness, & Get Air Trampoline Park Absolute Net Ground Lease | Tenant Exercised Two Renewal Options Early, Extending the Lease Through 2036 Low Rent Per Square Foot | Rent to Sales Ratio of 2.23% Texas Roadhouse Locations Average 6,200 Guests Per Week, One of the Highest in the Industry
Executive Summary
Texas Roadhouse | 2.23% Rent to Sales Ratio | Buffalo-Niagara Falls, NY MSA
Property Details
- Sale Type Investment
- Sale Conditions Ground Lease (Leased Fee) Ground Lease (Leased Fee) Build to Suit Ground Lease (Leased Fee)
- Property Type Retail
- Property Subtype Restaurant
- Building Size 7,757
- Building Class C
- Year Built/Renovated 2006/2015
- Price 3,205,000
- Price Per SF 413
- Cap Rate 5.25
- NOI 168,263
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.10
- Land Acres 1.72 AC
Amenities
- Signage
Property Taxes
| Parcel Number | 141600-053-070-0001-006-130 | Improvements Assessment | $42,000 |
| Land Assessment | $28,000 | Total Assessment | $70,000 |
| Date Created: | 2024-07-16 04:18:00 | Last Updated: | 2024-07-16 04:18:00 |
| Address: | 900 Young St , Tonawanda, New York, 14150 | ||