Historical Retail Sale Listing - Texas Roadhouse | Corporate Ground Lease

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Texas Roadhouse | Corporate Ground Lease

5710 Ranch Lake Blvd., Bradenton, FL 34202

N/A

7,136 SF | Retail

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Retail Property - Off Market

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

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

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

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

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