Texas Roadhouse 626 E Interstate 2

Investment Highlights

New 15-Year Absolute NNN Ground Lease to Notable National Tenant Densely Populous Border City Poised for Growth Anchor to a Developing Shopping & Dining Center New 2023 Construction in Tax-Free State

Executive Summary

Anchor to The Shops at N Bridge: Prominently located at 1 of 2 entrances to this developing retail center and surrounded by tenants such as Freddy?s Frozen Custard & Steakburgers, James Avery, Cold Stone Creamery, and ULTA, allowing for significant crossover shoppingBeneficial Proximity to Major US Thoroughfares: Located at the southwest corner of North Frontage Road/East Expressway 83 (20,227 AADT) and Interstate 2 (99,457 AADT), significantly increasing traffic in the surrounded areaLocated In A Strong Retail Corridor: The property is near major national brands such as Walmart Supercenter, H-E-B, Lowe?s Home Improvement, T.J. Maxx, Petco, and many othersSurrounded By Well-Attended Schools: 1.4 miles from South Texas College - Mid-Valley Campus (31,000+ students) and Weslaco High School (2,430 students) and near Donna High School (2,046 students), increasing lunchtime traffic to the siteAdvantageous Proximity to Residential Communities: Well-positioned in a growing border city and surrounded by high-density single-family housing developments and apartment complexesDensely Populated Area: 110,287 residents live within five miles of the propertyAccess to Purchasing Power from A Metroplex: The location provides access to purchasing power from the Reynosa-McAllen metroplex (population 1.5 million), the South Texas region, and affluent northern Mexican markets

• Sale Type    Investment NNN
• Sale Condition    1031 Exchange
• Property Type    Retail
• Property Subtype    Restaurant Restaurant General Retail Freestanding General Retail Storefront Restaurant
• Building Size    7,926
• Building Class    B
• LoopNet Rating    4 Star
• Year Built    2023
• Price    3,506,000
• Price Per SF    442
• Cap Rate    4.85
• NOI    170,041
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.08
• Land Acres    2.21 AC