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1809 Towne Park
Troy, OH 45373
Texas Roadhouse Ground Lease · Retail Property For Sale
Investment Highlights
- 15-Year Absolute NNN Ground Lease with 10% Increases Every 5 Years
- Only Closed One Location Out of 537 Corporate-Operated Restaurants in 2020, Projected to Open 25-30 Corporate Locations in 2021
- Brand New Construction with a Window for Online Orders
- Corporate Guaranty (NASDAQ: TXRH), Profitable in 2020 Unlike Competitors (Darden, Bloomin’ Brands, and BJ’s)
- Same-Store Sales have Increased 18.5% Year-Over-Year
- Strategic Location, Closest Texas Roadhouse Over 17 Miles Away
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,163 SF
Building Class
C
Year Built
2021
Building Height
1 Story
Building FAR
0.09
Lot Size
1.92 AC
Zoning
C
Frontage
269’ on Towne Park Dr
Property Taxes
| Parcel Number | D08106888 | Improvements Assessment | $437,400 |
| Land Assessment | $301,460 | Total Assessment | $738,860 |
Property Taxes
Parcel Number
D08106888
Land Assessment
$301,460
Improvements Assessment
$437,400
Total Assessment
$738,860
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