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Texas Roadhouse 2005 N Roan St 7,999 SF 4-Star Retail Building Johnson City, TN 37601 $3,822,840 ($477.91/SF) 5% Cap Rate
Investment Highlights
- Investment Grade Tenant with Long - Term Lease - BBB/Stable
- Impressive Placer.ai Rankings with Limited Chain Competition (Top 4% Nationally)
- Exceptional Regional Retail Corridor with Massive Trade – Area Draw
- New Construction with Minimal Landlord Responsibilities | Zero CAM Responsibilities
- Shadow – Anchored by Super-Regional Mall
- Healthy Demos Highlighting Stable Consumer Spending
Executive Summary
The Property is currently occupied by the high-performing national tenant, Texas Roadhouse, which has proven to be incredibly resilient in the casual dining sector. The Property contains an excellent lease term of 12.4 years and 10% rent bumps every 5 years, highlighting the durable income and long-term stability of the asset. For qualified investors, Texas Roadhouse proves to be a high-quality asset with durable income, outstanding tenant performance, and a prime location near a thriving super-regional mall with nearby regional access and connectivity.
Property Facts
Amenities
- Corner Lot
- Pylon Sign
- Signage
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- 7,999 SF
- -
- Oct 2038
It all began on February 17, 1993, when Kent Taylor opened the first Texas Roadhouse in Clarksville, Indiana. Kent's goal was to own not just a family restaurant and not just a steak restaurant, but a place where everyone, of all ages, could come and have a great meal and great fun for a great price. They like to brag about their Hand-Cut Steaks, Fall-Off-The-Bone Ribs, Made-From-Scratch Sides, and Fresh-Baked Bread. Everything they do goes into making their hearty meals stand out. They handcraft almost everything they serve. And if a customer wants an Ice Cold Beer or Legendary Margarita to wash it all down — well, they have those, too. Their food's not the only thing that’s Legendary at the Roadhouse — their fun is too! From their line dancers to their jukebox to their friendly servers, customers can enjoy every second they spend in a Texas Roadhouse
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | 7,999 SF | - | Oct 2038 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 038P-F-008.00 | Improvements Assessment | $2,448,040 |
| Land Assessment | $1,951,960 | Total Assessment | $4,400,000 |
Property Taxes
