Restaurant

Texas Roadhouse (NASDAQ: TXRH) | Outside Pittsburgh | NNN Ground Lease | Recent Lease Extension

100 Mall Dr, Steubenville (Outside Pittsburgh), OH 43952

Listing Price: $1,650,000

Cap Rate
5.50%
Tenant Name
Texas Roadhouse
Years Remaining On Lease
12.3
Gross SF
7,135
Guarantor
Corporate Guarantee
Rentable SF
7,135
Price/Gross SF
$231.25
Lease Type
NNN Ground Lease
Rent Per Square Feet
$12.72

Investment Overview

Steubenville is the county seat of Jefferson County, Ohio, and sits on the banks of the mighty Ohio River. The City is a family friendly community with safe neighborhoods and excellent schools which offer a wide variety of educational opportunities. It is also located 95 miles south of Cleveland and 130 miles east of Columbus. Due to its centralized location between several large metropolitan cities, Steubenville is easily accessible via 3 major thoroughfares – State Route 7 which runs north and south, US Highway 22 which runs along the north side of Steubenville and State Route 43 which runs from the west. Steubenville also operates one of the primary ports on the Ohio River. The city is strongly committed to residential and commercial economic development. Steubenville is a principal city of the Weirton-Steubenville, WV-OH Metropolitan Statistical Area, which has a population of 125,000 residents. Additionally, the city is part of Greater Pittsburgh, the 20th largest combined statistical area in the United States with an estimated population of 2.7 million. Steubenville is approximately 25 minutes from The Pittsburgh International Airport, making it an easily accessible, convenient and a great located city, prime for economic development.

Investment Highlights

  • Positioned Along Area's Major Retail & Traffic Corridor: Easy Access & Excellent Visibility - Situated off Route 43/Sunset Blvd, a Main Thoroughfare in the Region w/ Traffic Counts Exceeding 24k VPD.
  • Pad to Fort Steuben Mall - A Premier Ohio Valley Shopping Center Anchored by a 24-Hr Walmart Supercenter and Dick's Sporting Goods. (823k+ Sq.Ft. and features 50+ Retailers and Dining Options).
  • Within a Strong Retail Trade Corridor - Surrounded by Numerous National Retailers Including Lowe's, ALDI, Kroger, CVS Pharmacy, Big Lots, Harbor Freight, Office Max, TJ Maxx and many more.
  • Near Eastern Gateway Community College - A Public Institution in Steubenville with a Total Enrollment of more than 13k Students.
  • Near Jefferson County Airpark - A Full-Service General Aviation Public Airport and Part of the Pittsburgh CSA that Serves Small & Mid-Sized Private, Corporate and Commercial Traffic.
  • Long Term NNN Ground Lease Featuring a 5% Rental Increase in 2027 & Each Option. Tenant Extended the Term Early an Additional 10-Years up until 2033 Demonstrating a Strong Commitment to the Location.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    License(s): OH: BRK.2007005898

    Ohio

Restaurant

Texas Roadhouse (NASDAQ: TXRH) | Outside Pittsburgh | NNN Ground Lease | Recent Lease Extension

Listing Price: $1,650,000

Cap Rate
5.50%
Tenant Name
Texas Roadhouse
Years Remaining On Lease
12.3
Gross SF
7,135
Guarantor
Corporate Guarantee
Rentable SF
7,135
Price/Gross SF
$231.25
Lease Type
NNN Ground Lease
Rent Per Square Feet
$12.72

Investment Highlights

  • Positioned Along Area's Major Retail & Traffic Corridor: Easy Access & Excellent Visibility - Situated off Route 43/Sunset Blvd, a Main Thoroughfare in the Region w/ Traffic Counts Exceeding 24k VPD.
  • Pad to Fort Steuben Mall - A Premier Ohio Valley Shopping Center Anchored by a 24-Hr Walmart Supercenter and Dick's Sporting Goods. (823k+ Sq.Ft. and features 50+ Retailers and Dining Options).
  • Within a Strong Retail Trade Corridor - Surrounded by Numerous National Retailers Including Lowe's, ALDI, Kroger, CVS Pharmacy, Big Lots, Harbor Freight, Office Max, TJ Maxx and many more.
  • Near Eastern Gateway Community College - A Public Institution in Steubenville with a Total Enrollment of more than 13k Students.
  • Near Jefferson County Airpark - A Full-Service General Aviation Public Airport and Part of the Pittsburgh CSA that Serves Small & Mid-Sized Private, Corporate and Commercial Traffic.
  • Long Term NNN Ground Lease Featuring a 5% Rental Increase in 2027 & Each Option. Tenant Extended the Term Early an Additional 10-Years up until 2033 Demonstrating a Strong Commitment to the Location.

Investment Overview

Steubenville is the county seat of Jefferson County, Ohio, and sits on the banks of the mighty Ohio River. The City is a family friendly community with safe neighborhoods and excellent schools which offer a wide variety of educational opportunities. It is also located 95 miles south of Cleveland and 130 miles east of Columbus. Due to its centralized location between several large metropolitan cities, Steubenville is easily accessible via 3 major thoroughfares – State Route 7 which runs north and south, US Highway 22 which runs along the north side of Steubenville and State Route 43 which runs from the west. Steubenville also operates one of the primary ports on the Ohio River. The city is strongly committed to residential and commercial economic development. Steubenville is a principal city of the Weirton-Steubenville, WV-OH Metropolitan Statistical Area, which has a population of 125,000 residents. Additionally, the city is part of Greater Pittsburgh, the 20th largest combined statistical area in the United States with an estimated population of 2.7 million. Steubenville is approximately 25 minutes from The Pittsburgh International Airport, making it an easily accessible, convenient and a great located city, prime for economic development.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    License(s): OH: BRK.2007005898

    Ohio

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