725 Meadow St | Ithaca, NY 14850
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725 Meadow St
Ithaca, NY 14850
Texas Roadhouse · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- LOW RISK, HIGH QUALITY NET LEASED INVESTMENT
- Corporate Credit Tenant - Texas Roadhouse (Ticker: TXRH) is currently valued at a $6.72 Billion Dollar Market Cap and is publicly traded on the Nasdaq
- Premium Retail Corridor positioning - Located in the center of the action, at the entrance for customers to access Major Retail Anchors
- Long Lease Term over 9 Years Remaining plus 3 - 5 Year Options
- Below Market Rent - $17/SF is below market for a premium restaurant use, for comparison, Sleep Number signed up at $44/SF for endcap strip space
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,500 SF
Building Class
C
Year Built
2015
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.39 AC
Zoning
CR - Commercial - Retail
Parking
15 Spaces (2.02 Spaces per 1,000 SF Leased)
Frontage
100’ on Meadow St
AMENITIES
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 500700 104.-1-1.3 | Improvements Assessment | $900,000 |
| Land Assessment | $250,000 | Total Assessment | $1,150,000 |
PROPERTY TAXES
Parcel Number
500700 104.-1-1.3
Land Assessment
$250,000
Improvements Assessment
$900,000
Total Assessment
$1,150,000
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