Troy (Dayton MSA), OH 45373

Texas Roadhouse Ground Lease

Property Address

1809 Towne Park Drive, Troy, OH, USA

Offering Summary

  • Price: $2,574,000
  • Lot Size: 2.34 Acres
  • Cap Rate: 4.75%
  • Year Built: 2021
  • Building SF: 7,163
  • Status: In Escrow
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  • 15-Year Absolute NNN Ground Lease with 10% Increases Every 5 Years
  • Corporate Guaranty (NASDAQ: TXRH), Profitable in 2020 Unlike Competitors (Darden, Bloomin' Brands, and BJ's)
  • Only Closed One Location Out of 537 Corporate-Operated Restaurants in 2020, Projected to Open 25-30 Corporate Locations in 2021
  • Same-Store Sales have Increased 18.5% Year-Over-Year
  • Brand New Construction with a Window for Online Orders
  • Strategic Location, Closest Texas Roadhouse Over 17 Miles Away
  • Just Off I-75 with 59,000 Cars/Day, Freeway Visibility and Direct Access to Downtown Dayton and Cincinnati
  • Regional Retail Hub, Surrounded by Walmart Supercenter, Meijer, Lowe's, Kroger, Kohl's, and More

Broker Information