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 Indianapolis, Indiana and 25+ years of occupancy history at the subject site. Built in 1997, the Property sits on an over-sized 2.45-acre lot along a major north and south thoroughfare that experiences +/-35,000 VPD and runs from the northeastern suburbs of Indianapolis down to Interstate 465 near the southeastern part of the city. The immediate area is filled with various national, regional and local retailers as well as multiple apartment complexes and residential neighborhoods. There are +/-80,000 people within a 3-mile radius with an average household income of +/-$60,000. The Property is subject to a brand-new, 15-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 the perfect investment opportunity for any passive investor looking for quality real estate located with a major metro MSA and along a major retail/traffic corridor with a long-term, corporately guaranteed tenant.