Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a rare, fee-simple ownership (land + building) Texas Roadhouse with a brand-new, 10-year, absolute NNN lease located in Columbus, Ohio and 20+ years of occupancy history at the subject site. Built in 2002, the Property sits on 2.19 acres of prime real estate right off Interstate 270, which experiences 100K+ vehicles-per-day and is surrounded by various national retailers such as At Home, Value City Furniture, Harbor Freight, Crunch Fitness, Burlington, Kroger and many more. The Property is also surrounded by various residential neighborhoods and less than 15 minutes from both; Downtown Columbus and the Columbus International Airport. Within a 5-mile radius there are +/-250K residents with an average household income of +/-$76,000. The Property is subject to a brand-new, 10-year, absolute NNN lease with zero landlord responsibilities. The lease calls for substantial rental increases every five years throughout the base term and at each of the three, five-year option periods. The lease is guaranteed by Texas Roadhouse Corporate (NASDAQ: TXRH), which operates +/-800 locates across multiple restaurant concepts and had a market value of +/-$13B as of Q3 2024. The offering is a perfect investment opportunity for any passive investor looking for quality real estate with a long-term, corporately guaranteed tenant.