Restaurant

Texas Roadhouse (NASDAQ:TXRH) | Abs Net Ground Lease | 21+Yr Hist Occupancy | Recent Lease Extension

1155 US-51, Forsyth (Decatur MSA), IL 62535

Listing Price: $2,110,000

Cap Rate
6.00%
Tenant Name
Texas Roadhouse
Years Remaining On Lease
8.50
Gross SF
6,808
Guarantor
Corporate Guarantee
Rentable SF
6,808
Price/Gross SF
$309.93
Lease Type
NNN Ground Lease
Rent Per Square Feet
$18.58

Investment Overview

Forsyth is located at the intersection of US Route 51 & Interstate 72 and is included in the Decatur, Illinois Metropolitan Statistical Area. It has an active community with excellent parks, quality shopping and dining, and family-friendly neighborhoods. Decatur is the thirteenth-most populous city in Illinois, and the state’s sixth-most populous city outside the Chicago metropolitan area. The economy is based on industrial and agricultural commodity processing and production, including the North American headquarters of agricultural conglomerate Archer Daniels Midland, international agribusiness Tate & Lyle’s largest corn-processing plant, and the designing and manufacturing facilities for Caterpillar Inc.’s wheel-tractor scrapers, compactors, large wheel loaders, mining class motor grader, off-highway trucks, and large mining trucks.

Investment Highlights

  • Absolute Net Ground Lease. 21+ Year Historical Occupancy and Recent 10-Year Lease Extension in 2019 Demonstrates a Strong Commitment to the Location.
  • Below Market Rent. Healthy Rent-to-Sales Ratio of 2.64% for 2019.
  • Positioned Along Area's Major Retail & Traffic Corridor: Signalized Hard Corner Location - Features Easy Access & Excellent Visibility with Daily Combined Traffic Counts Exceeding 28k Vehicles.
  • Pad to Hickory Point Mall - A 826k+ Sq.Ft. Enclosed Shopping Center featuring a Variety of more than 50 Retailers, Dining Options and a Movie Theatre.
  • Near Hickory Point Golf Club - The Club Host's Golf Outings, Wedding Receptions, Reunions or Family Gatherings. The Clubhouse Accommodates 200-225 Guests.
  • Within a Strong Retail Trade Corridor - Surrounded by Numerous National Retailers Including Lowe's, Walmart Supercenter, Sam's Club, Best Buy, Menards, Staples, PetSmart, Walgreens and many more.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    License(s): IL: 471.011175

    Illinois

Restaurant

Texas Roadhouse (NASDAQ:TXRH) | Abs Net Ground Lease | 21+Yr Hist Occupancy | Recent Lease Extension

Listing Price: $2,110,000

Cap Rate
6.00%
Tenant Name
Texas Roadhouse
Years Remaining On Lease
8.50
Gross SF
6,808
Guarantor
Corporate Guarantee
Rentable SF
6,808
Price/Gross SF
$309.93
Lease Type
NNN Ground Lease
Rent Per Square Feet
$18.58

Investment Highlights

  • Absolute Net Ground Lease. 21+ Year Historical Occupancy and Recent 10-Year Lease Extension in 2019 Demonstrates a Strong Commitment to the Location.
  • Below Market Rent. Healthy Rent-to-Sales Ratio of 2.64% for 2019.
  • Positioned Along Area's Major Retail & Traffic Corridor: Signalized Hard Corner Location - Features Easy Access & Excellent Visibility with Daily Combined Traffic Counts Exceeding 28k Vehicles.
  • Pad to Hickory Point Mall - A 826k+ Sq.Ft. Enclosed Shopping Center featuring a Variety of more than 50 Retailers, Dining Options and a Movie Theatre.
  • Near Hickory Point Golf Club - The Club Host's Golf Outings, Wedding Receptions, Reunions or Family Gatherings. The Clubhouse Accommodates 200-225 Guests.
  • Within a Strong Retail Trade Corridor - Surrounded by Numerous National Retailers Including Lowe's, Walmart Supercenter, Sam's Club, Best Buy, Menards, Staples, PetSmart, Walgreens and many more.

Investment Overview

Forsyth is located at the intersection of US Route 51 & Interstate 72 and is included in the Decatur, Illinois Metropolitan Statistical Area. It has an active community with excellent parks, quality shopping and dining, and family-friendly neighborhoods. Decatur is the thirteenth-most populous city in Illinois, and the state’s sixth-most populous city outside the Chicago metropolitan area. The economy is based on industrial and agricultural commodity processing and production, including the North American headquarters of agricultural conglomerate Archer Daniels Midland, international agribusiness Tate & Lyle’s largest corn-processing plant, and the designing and manufacturing facilities for Caterpillar Inc.’s wheel-tractor scrapers, compactors, large wheel loaders, mining class motor grader, off-highway trucks, and large mining trucks.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    License(s): IL: 471.011175

    Illinois

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