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, 15-year, absolute NNN lease located in the city of Avon, part of Hendricks County; a high growth and affluent western suburb of Indianapolis, Indiana. Built in 1999, the property sits on a 1.47 acres outlot to a major power center & within the main retail corridor of Avon that experiences approximately 45,000 vehicles daily and is surrounded by national retailers, residential communities and brand-new commercial developments and is in close proximity to a downtown Indianapolis. Hendricks County, Indiana is one of the fastest growing submarkets in the state with above average median household incomes and an education school system ranked as one of the best within the Indianapolis metro area. Subject to a brand-new, 15-year, absolute triple-net lease with zero landlord responsibilities, the property has been operating as a Texas Roodhouse for 25 years. The lease calls for 10% 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 locations across multiple restaurant concepts and had a market value of approximately $12 billion as of Q4 2024. The offering is a perfect investment opportunity for any passive investor looking for high-quality real estate in a premier, affluent submarket with high barriers of entry and limited real estate transaction velocity with a long-term, corporately guaranteed lease with investment appreciation potential, rental income growth and immediate potential tax depreciation benefits.