Restaurant
Texas Roadhouse | 2.23% Rent to Sales Ratio | Buffalo-Niagara Falls, NY MSA
900 Young St, Tonawanda, NY 14150
Listing Price: $3,205,000
Cap Rate
5.25%
Tenant Name
Texas Roadhouse
Years Remaining On Lease
11.7
Guarantor
Corporate Guarantee
Rentable SF
7,245
Lease Type
Gross Lease
Rent Per Square Feet
$14.73
Investment Overview
Marcus & Millichap is pleased to bring to market Texas Roadhouse located in Tonawanda, NY (Buffalo MSA).
Texas Roadhouse | 2.23% Rent to Sales Ratio | Buffalo-Niagara Falls, NY MSA
Investment Highlights
- 2003 Build-to-Suit for Texas Roadhouse | Absolute Net Ground Lease | Tenant Exercised Two Renewal Options Early, Extending the Lease Through 2036
- 10% Rental Increases Every 5-Years and In One, 5-Year Renewal Option | Next Rental Increase Coming in 2026 | Low Rent Per Square Foot | Rent to Sales Ratio of 2.23%
- Outparcel to Tops Market Anchored Shopping Center With Retailers Such as CubeSmart Self Storage, Big Lots, Crunch Fitness, Get Air Trampoline Park and More
- Proximity to Nationally Recognized Tenants, Including: McDonald's, KFC, Tim Hortons, Wendy's, Aaron's, United Auto Supply and More
- Property Has Excellent Visibility Located Directly Off of Interstate 290 (Youngmann Expressway) With a Pylon Sign and Multiple Points of Ingress and Egress From the Shopping Center Entrances | Adjacent to Youngmann Development Park, a 70-Acre Flex Office and Light Industrial Development Built in 2015
- Strong Demographics: Daytime Population Exceeds 282,200 Within 5-Miles of the Property | Population Of 112,900 Within 3-Miles and Expected to Increase by 2027 | Tonawanda is Part of the Buffalo, NY Metropolitan Statistical Area, Situated Between Niagara Falls and Buffalo
- The Area's Economy Benefits From Both Niagara Falls Tourism and The Financial Hub of Downtown Buffalo | The Market Also Lies Within a Large Portion of the Canadian Market | The Buffalo MSA has a Population Exceeding 3.2 Million
Restaurant
Texas Roadhouse | 2.23% Rent to Sales Ratio | Buffalo-Niagara Falls, NY MSA
Listing Price: $3,205,000
Cap Rate
5.25%
Tenant Name
Texas Roadhouse
Years Remaining On Lease
11.7
Guarantor
Corporate Guarantee
Rentable SF
7,245
Lease Type
Gross Lease
Rent Per Square Feet
$14.73
Investment Highlights
- 2003 Build-to-Suit for Texas Roadhouse | Absolute Net Ground Lease | Tenant Exercised Two Renewal Options Early, Extending the Lease Through 2036
- 10% Rental Increases Every 5-Years and In One, 5-Year Renewal Option | Next Rental Increase Coming in 2026 | Low Rent Per Square Foot | Rent to Sales Ratio of 2.23%
- Outparcel to Tops Market Anchored Shopping Center With Retailers Such as CubeSmart Self Storage, Big Lots, Crunch Fitness, Get Air Trampoline Park and More
- Proximity to Nationally Recognized Tenants, Including: McDonald's, KFC, Tim Hortons, Wendy's, Aaron's, United Auto Supply and More
- Property Has Excellent Visibility Located Directly Off of Interstate 290 (Youngmann Expressway) With a Pylon Sign and Multiple Points of Ingress and Egress From the Shopping Center Entrances | Adjacent to Youngmann Development Park, a 70-Acre Flex Office and Light Industrial Development Built in 2015
- Strong Demographics: Daytime Population Exceeds 282,200 Within 5-Miles of the Property | Population Of 112,900 Within 3-Miles and Expected to Increase by 2027 | Tonawanda is Part of the Buffalo, NY Metropolitan Statistical Area, Situated Between Niagara Falls and Buffalo
- The Area's Economy Benefits From Both Niagara Falls Tourism and The Financial Hub of Downtown Buffalo | The Market Also Lies Within a Large Portion of the Canadian Market | The Buffalo MSA has a Population Exceeding 3.2 Million
Investment Overview
Marcus & Millichap is pleased to bring to market Texas Roadhouse located in Tonawanda, NY (Buffalo MSA).
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