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Texas Roadhouse | New 15yr Corp Ground Lease 3017 Century Farms Pky 7,926 SF 4-Star Retail Building Antioch, TN 37013 $5,155,000 ($650.39/SF) 4.85% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New 15-Year Lease | Options To Extend | Scheduled Rental Increases | Corporate Guaranteed Ground Lease
- Dense Retail Corridor | High Traffic Count | Frontage Visibility | Near Tanger Outlets Nashville
- Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
• Texas Roadhouse, Inc. will sign a new 15-year lease at the close of escrow with 4 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 10% rental increases every five years throughout the initial term and option periods, growing NOI and hedging against inflation
• The lease is corporately guaranteed (NASDAQ: TXRH)
• The lease features 10% rental increases every five years throughout the initial term and option periods, growing NOI and hedging against inflation
• The lease is corporately guaranteed (NASDAQ: TXRH)
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
7,926 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2026
Price
$5,155,000
Price Per SF
$650.39
Cap Rate
4.85%
NOI
$250,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
2.34 AC
Zoning
SP
Parking
171 Spaces (21.57 Spaces per 1,000 SF Leased)
AMENITIES
- Pylon Sign
- Restaurant
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 174-00-0-291.00 | Improvements Assessment | $0 |
| Land Assessment | $1,212,720 | Total Assessment | $1,212,720 |
PROPERTY TAXES
Parcel Number
174-00-0-291.00
Land Assessment
$1,212,720
Improvements Assessment
$0
Total Assessment
$1,212,720
CONTACTS
-
Morgan Zant -
Sarah Shanks -
Matthew Mousavi -
Patrick Luther -
SRS National Net Lease
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Texas Roadhouse | New 15yr Corp Ground Lease | 3017 Century Farms Pky
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