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Texas Roadhouse 800 W Paradise Dr 5,106 SF Retail Building West Bend, WI 53095 $2,190,000 ($428.91/SF) 5.35% Cap Rate
Investment Highlights
- Corporate Absolute NNN Lease: Texas Roadhouse, Inc. (NYSE: TXRH, Market Cap $12 Billion) is the tenant and is responsible for all maintenance
- Intrinsic Value – Below Replacement Cost: Priced below replacement cost, the offering costs less than purchasing land and construction
- Excellent Retail Synergy: Outparcel to a Home Depot-anchored center at a signalized intersection entrance.
- Tenant Commitment to Location: Texas Roadhouse exercised its first 5-year renewal option in August 2020 (during the height of COVID-19)
- Large-Sized Parcel: ±2.49 acres (per LandVision and CoStar), significantly larger than most comparable free-standing net-leased restaurant properties
- Strong Demographics & Traffic Counts: More than 90,000 people within a 10-mile radius with average household income exceeding $98,000/year.
Executive Summary
Broker of Record
Matthew Fitzgerald
License # 51983-90, 938105-91 (WI)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Matthew Fitzgerald
License # 51983-90, 938105-91 (WI)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,106 SF
Building Class
B
Year Built
2005
Price
$2,190,000
Price Per SF
$428.91
Cap Rate
5.35%
NOI
$117,165
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
2.49 AC
Zoning
Business
Parking
24 Spaces (4.7 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
Nearby Major Retailers
1 of 6
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Texas Roadhouse | 800 W Paradise Dr
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