Texas Roadhouse | 5940 E Main St
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Texas Roadhouse 5940 E Main St
7,125 SF Retail Building Columbus, OH 43213 £2,768,818 (£389/SF) 5.50% Net Initial Yield
Investment Highlights
- Land & Building Ownership Allows for Depreciation Tax Benefits
- 10% Rental Increases Every Five Years & in Option Periods
- The Property is Located Off of and Highly Visible from Interstate 270, which Experiences 100K+ Vehicles-Per-Day
- Base Lease Term of 10 Years with Three, Five-Year Options to Renew & Zero Landlord Responsibilities
- Brand-New Lease with Texas Roadhouse, Inc. (NASDAQ: TXRH)
Executive Summary
Marcus & Millichap is pleased to present the opportunity to acquire a rare, fee-simple ownership (land + building) Texas Roadhouse with a brand-new, 10-year, absolute NNN lease located in Columbus, Ohio and 20+ years of occupancy history at the subject site
The Property is subject to a brand-new, 10-year, absolute NNN lease with zero landlord responsibilities. The lease calls for substantial rental increases every five years throughout the base term and at each of the three, five-year option periods. The lease is guaranteed by Texas Roadhouse Corporate (NASDAQ: TXRH), which operates +/-800 locates across multiple restaurant concepts and had a market value of +/-$13B as of Q3 2024.
The offering is a perfect investment opportunity for any passive investor looking for quality real estate with a long-term, corporately guaranteed tenant.
The Property is subject to a brand-new, 10-year, absolute NNN lease with zero landlord responsibilities. The lease calls for substantial rental increases every five years throughout the base term and at each of the three, five-year option periods. The lease is guaranteed by Texas Roadhouse Corporate (NASDAQ: TXRH), which operates +/-800 locates across multiple restaurant concepts and had a market value of +/-$13B as of Q3 2024.
The offering is a perfect investment opportunity for any passive investor looking for quality real estate with a long-term, corporately guaranteed tenant.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,125 SF
Building Class
C
Year Built
2002
Price
£2,768,818
Price Per SF
£389
Net Initial Yield
5.50%
NOI
£152,285
Tenancy
Single
Number of Floors
1
Building FAR
0.07
Lot Size
2.19 AC
Amenities
- Freeway Visibility
- Pylon Sign
- Signage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £485,168 | |
| Land Assessment | £470,889 | Total Assessment | £956,057 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£470,889
Improvements Assessment
£485,168
Total Assessment
£956,057
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Texas Roadhouse | 5940 E Main St
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