This Retail Property is Off-Market.

5710 Ranch Lake Blvd.
Bradenton, FL 34202 ·

7,136 SF · Retail For Sale

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Texas Roadhouse | Corporate Ground Lease

Price N/A Cap Rate 5.75%
Building Size 7,136 SF No. Stories 1
Property Type Retail Tenancy Single
Property Sub-type Restaurant Year Built 2013
Property Use Type Net Lease Investment with 10+ years left on lease Lot Size 2.62 AC
Commission Split 3%
Listing ID: 18205070 Date Created: 06/05/2013 Last Updated: 09/27/2013

Description

- Located in front of new Wal-Mart Supercenter
- 10 Year Avg Cap Rate: 6.04%
- Tenant: Texas Roadhouse Holdings, LLC, a Kentucky Limited Liability Company
- +/- 7,136 square foot building on +/- 2.62 acres

- Absolute Triple-Net (NNN) corporate ground lease with no landlord responsibilities
- Brand new 10-year lease with a 10% rent increase in 2018
-Three 5-year options with 10% rent increases each period

Highlights

  • Texas Roadhouse, Inc. made its initial public offering in 2004 (NASDAQ: TXRH), stimulating impressive company growth
  • As of April 1, 2013, TXRH' s market capitalization was approximately $1.4 billion
  • TXRH reported 2012 average store sales of $4,085,000
  • High Traffic Counts: Interstate 75 - 103,000 ADT / SR-70 - 51,000 ADT

Research

5710 Ranch Lake Blvd., Bradenton, FL 34202 (Manatee County)

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