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1602 Walton dr
Texarkana, TX 75501
Cheddar's Scratch Kitchen · Land For Sale
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1.83 AC
Executive Summary
- 10-Year Ground Lease with Zero Landlord Responsibilities - 10% rent increases every 5 years and in four renewal options
- Corporate Lease with Cheddar’s (a Darden Subsidiary rated ‘BBB’ by S&P)- $796 million in sales for fiscal 2026 across 184 locations
-$4,300,000 Average Unit Volume (AUV) in Fiscal 2026 - 4.83% implied rent to sales ratio for subject property
- Corporate Lease with Cheddar’s (a Darden Subsidiary rated ‘BBB’ by S&P)- $796 million in sales for fiscal 2026 across 184 locations
-$4,300,000 Average Unit Volume (AUV) in Fiscal 2026 - 4.83% implied rent to sales ratio for subject property
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | Ground Lease (Leased Fee) | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 1.83 AC |
| Property Type | Land |
| Sale Type | Investment |
| Sale Condition | Ground Lease (Leased Fee) |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 1.83 AC |
1 Lot Available
Lot
| Price | $3,782,000 | Lot Size | 1.83 AC |
| Price Per AC | $2,066,666.67 |
| Price | $3,782,000 |
| Price Per AC | $2,066,666.67 |
| Lot Size | 1.83 AC |
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