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Texas Roadhouse | Brand New 15-Yr Abs NNN GL 2515 Partin Settlement Rd 8,000 SF Retail Building Kissimmee, FL 34744 $3,830,000 ($478.75/SF) 4.70% Cap Rate
INVESTMENT HIGHLIGHTS
- Opening Soon | Corporate Signed Ground Lease | Options To Extend | Scheduled Rental Increases
- High Traffic Corridor | Proximity to Multi-Family Developments | Dense Retail Corridor
- Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
• Texas Roadhouse, Inc. Corporate signed lease
• New, 15-year lease with 4 (5-year) option periods to extend
• The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period
• Located at the intersection of Highway 192 and Partin Settlement Rd which combine to average 105,800 VPD and near Florida’s Turnpike (81,200 VPD)
• Close proximity to several multi-family developments including the Jamison (315 units), Academy Park Apartments (420 units), and the Settlement at Amber Pointe (321 units)
• Located in the center of a primary retail corridor with other national/credit tenants including Publix, Ross, Ulta, McDonald’s, Chipotle, CVS, Starbucks, Dunkin’, First Watch, and more
• More than 153,700 residents and 43,600 employees support the trade area
• $92,363 average household income
• New, 15-year lease with 4 (5-year) option periods to extend
• The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period
• Located at the intersection of Highway 192 and Partin Settlement Rd which combine to average 105,800 VPD and near Florida’s Turnpike (81,200 VPD)
• Close proximity to several multi-family developments including the Jamison (315 units), Academy Park Apartments (420 units), and the Settlement at Amber Pointe (321 units)
• Located in the center of a primary retail corridor with other national/credit tenants including Publix, Ross, Ulta, McDonald’s, Chipotle, CVS, Starbucks, Dunkin’, First Watch, and more
• More than 153,700 residents and 43,600 employees support the trade area
• $92,363 average household income
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Building Size
8,000 SF
Year Built
2025
Price
$3,830,000
Price Per SF
$478.75
Cap Rate
4.70%
NOI
$180,010
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
2.00 AC
Opportunity Zone
Yes
Zoning
CCC - Community Center Care
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Texas Roadhouse, Inc.
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Texas Roadhouse, Inc. | Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 29-25-30-3338-0001-0040 | Improvements Assessment | $0 |
| Land Assessment | $980,300 | Total Assessment | $980,300 |
PROPERTY TAXES
Parcel Number
29-25-30-3338-0001-0040
Land Assessment
$980,300
Improvements Assessment
$0
Total Assessment
$980,300
CONTACTS
-
Patrick Luther -
Patrick Nutt -
William Wamble -
Matthew Mousavi -
SRS National Net Lease
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Texas Roadhouse | Brand New 15-Yr Abs NNN GL | 2515 Partin Settlement Rd
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