20280 I-30 North
Benton, AR 72019
Texas Roadhouse · Retail Property For Sale

Brand New Ground Lease - The property was completed in 2017 and offers an initial 10-year lease term with three, 5-year options. The current rent of $105,500 increases 10% every 5 years, including within the option period. The tenant invested a substantial amount of money into the improvements which allows an investor to purchase it at an extremely low price point under $2M. Dynamic Retail Area with Significant Retail Growth - Property sits in front of a newly constructed, 150,000 SF neighborhood center anchored by Hobby Lobby, PetSmart, TJ Maxx, HomeGoods, and Ulta Beauty. In 2015, Hurricane Village Creek was constructed next door; a ± 200,000 SF center anchored by Kroger Marketplace and Academy Sports. Across from the property is a ± 250,000 SF Target-anchored center. Other new developments in the area include: Verizon, Buffalo Wild Wings, Freddy’s Frozen Custard, Zaxby’s, Infiniti of Central Arkansas, Slim Chickens, and others. Great Store Sales and Still Growing - Texas Roadhouse has extremely strong store sales; average store sales is $4,802,000, up 17.50% over the past 5 years. If this site performs at average, it will have an incredibly low 2.20% rent-to-sales ratio. Strong Corporate Guaranty - Texas Roadhouse is a publicly traded company with a market cap of ± $4B. The stock price sits at ± $55 per share which is up nearly 270% over the past 5 years. In 2016, Texas Roadhouse, Inc. had revenue of ± $2B with net operating income of $171,900,000. Capital Investment for new Texas Roadhouse is $5M - According to the 2016 10-K, Texas Roadhouse estimates that the average capital investment for Texas Roadhouse restaurant in 2017 to be $5,100,000. For 2016, the average capital investment for just the land and building of a new Texas Roadhouse is $3,160,000, well below the current asking price.