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Texas Roadhouse 1508 Boone St 8,830 SF Retail Building Kingsland, GA 31548 $3,092,000 ($350.17/SF) 5.40% Cap Rate
Investment Highlights
- Zero Landlord Responsibilities: Absolute NNN lease structure
- Brand-New Development: Newly constructed Texas Roadhouse built to the brand’s current prototype
- Dominant Retail Corridor on U.S. Highway 40: The property fronts Boone Street (U.S. Highway 40)
- Corporate Guarantee: The lease is corporately guaranteed by Texas Roadhouse, which is a publicly traded company on the NYSE (TXRH)
- Below Market Rents: At $21/SF, the ground lease rent sits below current market
- Shadow-Anchored by Lowe’s Home Improvement: Positioned directly across from a high-volume Lowe’s Home Improvement
Executive Summary
This offering features a newly constructed Texas Roadhouse restaurant under an absolute NNN lease, providing investors with zero landlord responsibilities and a secure, long-term income stream. The property is corporately guaranteed by Texas Roadhouse, Inc., a publicly traded company (NASDAQ: TXRH) with a strong national presence and consistent financial performance.
Strategically located along Boone Street (U.S. Highway 40), the site benefits from excellent visibility and traffic counts exceeding 22,000 vehicles per day. The property is shadow-anchored by a high-volume Lowe’s Home Improvement and surrounded by a robust mix of national retailers, including Starbucks, Tractor Supply, and other service-oriented businesses that drive consistent customer traffic.
With a lease rate below current market levels and a brand-new prototype building, this asset offers both stability and long-term upside. Positioned in a dominant retail corridor within a growing market, this investment combines credit-backed security with strong real estate fundamentals.
Strategically located along Boone Street (U.S. Highway 40), the site benefits from excellent visibility and traffic counts exceeding 22,000 vehicles per day. The property is shadow-anchored by a high-volume Lowe’s Home Improvement and surrounded by a robust mix of national retailers, including Starbucks, Tractor Supply, and other service-oriented businesses that drive consistent customer traffic.
With a lease rate below current market levels and a brand-new prototype building, this asset offers both stability and long-term upside. Positioned in a dominant retail corridor within a growing market, this investment combines credit-backed security with strong real estate fundamentals.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
8,830 SF
Building Class
B
Year Built
2025
Price
$3,092,000
Price Per SF
$350.17
Cap Rate
5.40%
NOI
$166,968
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.09
Lot Size
2.22 AC
Zoning
C-2 - Commercial Business
Parking
136 Spaces (15.4 Spaces per 1,000 SF Leased)
Frontage
210’ on Boone Street
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 108-002 | Improvements Assessment | $27,720 |
| Land Assessment | $326,250 | Total Assessment | $353,970 |
Property Taxes
Parcel Number
108-002
Land Assessment
$326,250
Improvements Assessment
$27,720
Total Assessment
$353,970
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Texas Roadhouse | 1508 Boone St
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