New Texas Roadhouse | 15-Yr GL | $8MM+ AUV 221 Vista Dr 7,926 SF Retail Building Ruston, LA 71270 $2,897,000 ($365.51/SF) 5.35% Cap Rate
INVESTMENT HIGHLIGHTS
- Corporate Signed Ground Lease | Options To Extend | Scheduled Rental Increases
- Highly Rated, Growing Brand | Strong Consumer Base
- Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN ground leased, Texas Roadhouse investment property located in Ruston, Louisiana. The tenant, Texas Roadhouse, recently signed a brand new 15-year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
7,926 SF
Year Built
2025
Price
$2,897,000
Price Per SF
$365.51
Cap Rate
5.35%
NOI
$155,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.77 AC
Zoning
B-4 - Highway Business
Parking
145 Spaces (18.29 Spaces per 1,000 SF Leased)
AMENITIES
- Corner Lot
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 25511 | Improvements Assessment | $248,880 |
| Land Assessment | $350,053 | Total Assessment | $598,933 |
