Restaurant
Texas Roadhouse | Waynesboro, VA
1880 Rosser Ave, Waynesboro, VA 22980
Listing Price: $3,009,709
Investment Overview
The Tenant, Texas Roadhouse Holdings LLC, is subject to a new 15-year NNN ground lease that is expected to commence in March 2025. The lease features 10 percent rental increases every five years during the base term and four, five-year option periods providing an excellent hedge against inflation. The lease is guaranteed by Texas Roadhouse Holdings LLC (NASDAQ: TXRH), a popular American casual dining chain with more than 740 locations and $4.63 Billion in revenue. With over a 100% increase in stock price throughout the last 5 years, Texas Roadhouse continues to see immaculate growth, as the chain was ranked one of the most popular restaurants during the COVID-19 pandemic.
Exclusively Listed By
Broker of Record
-
Brian Hosey
Senior Vice President/Division Manager
Financing By
Listing Price: $3,009,709
Investment Highlights
- New 15-Year Corporate Ground Lease with 10 Percent Increases Every Five Years
- Regional Interchange Location with 33,000 VPD
- Across from Lowe's and Walmart Supercenter
Investment Overview
The Tenant, Texas Roadhouse Holdings LLC, is subject to a new 15-year NNN ground lease that is expected to commence in March 2025. The lease features 10 percent rental increases every five years during the base term and four, five-year option periods providing an excellent hedge against inflation. The lease is guaranteed by Texas Roadhouse Holdings LLC (NASDAQ: TXRH), a popular American casual dining chain with more than 740 locations and $4.63 Billion in revenue. With over a 100% increase in stock price throughout the last 5 years, Texas Roadhouse continues to see immaculate growth, as the chain was ranked one of the most popular restaurants during the COVID-19 pandemic.
Exclusively Listed By
Broker of Record
-
Brian Hosey
Senior Vice President/Division Manager
Financing By
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