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CORP. TEXAS ROADHOUSE(NASDAQ: TXRH) | ABS NET 829 W State Highway 71 7,926 SF Retail Building Bastrop, TX 78602 $3,125,000 ($394.27/SF) 4.80% Cap Rate
Investment Highlights
- 15 Year Absolute Net Ground Lease (Zero Landlord Responsibilities) featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Option
- Strategic Highway 71 Positioning – the Property Sits along Bastrop’s Primary Commercial Corridor,Benefiting from Exceptional Regional Connectivity.
- Compelling Long-Term Real Estate Fundamentals – Rapid Population Growth, Major Corporate Investment, Expanding Housing, New Retail Development.
- Texas Roadhouse is a Leading Global Casual Dining Brand with 744 Locations, Nearly $5.9 Billion in Annual Revenue, Strong Nationwide Recognition.
- Newly Constructed Texas Roadhouse Strategically Positioned within Sendero, Bastrop’s 75-Acre Premier Mixed-Use Destination featuring 250,000+ Square.
Executive Summary
Property Facts
Amenities
- Pylon Sign
- Restaurant
- Signage
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- 7,926 SF
- -
- Triple Net
- Apr 2041
It all began on February 17, 1993, when Kent Taylor opened the first Texas Roadhouse in Clarksville, Indiana. Kent's goal was to own not just a family restaurant and not just a steak restaurant, but a place where everyone, of all ages, could come and have a great meal and great fun for a great price. They like to brag about their Hand-Cut Steaks, Fall-Off-The-Bone Ribs, Made-From-Scratch Sides, and Fresh-Baked Bread. Everything they do goes into making their hearty meals stand out. They handcraft almost everything they serve. And if a customer wants an Ice Cold Beer or Legendary Margarita to wash it all down — well, they have those, too. Their food's not the only thing that’s Legendary at the Roadhouse — their fun is too! From their line dancers to their jukebox to their friendly servers, customers can enjoy every second they spend in a Texas Roadhouse
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 7,926 SF | - | Triple Net | Apr 2041 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 8737762 | Improvements Assessment | $0 |
| Land Assessment | $983,134 | Total Assessment | $983,134 |
Property Taxes
