Skip to main content

Restaurant

Texas Roadhouse Ground Lease

16601 Square Dr, Marysville (Columbus MSA), OH 43040

Listing Price: $2,946,000

Cap Rate
4.85%
Tenant Name
Texas Roadhouse
Years Remaining On Lease
4.9
Guarantor
Corporate Guarantee
Rentable SF
7,462
Lease Type
NNN Ground Lease
Rent Per Square Feet
$1.91

Investment Overview

Marcus & Millichap is pleased to present the Texas Roadhouse Ground Lease in Marysville, Ohio.

Investment Highlights

  • 15-Year Absolute NNN Ground Lease with 10% Increases Every 5 Years
  • Corporate Guaranty (NASDAQ: TXRH), Profitable in 2020 Unlike Competitors (Darden, Bloomin' Brands, and BJ's)
  • Only Closed One Location Out of 537 Corporate-Operated Restaurants in 2020, Projected to Open 25-30 Corporate Locations in 2021
  • Brand New Construction with a Dedicated Drive-Thru Lane and Window for Online Orders
  • Strategic Location, Closest Texas Roadhouse Over 20 Miles Away
  • Immediately Off SR-33 with 43,370 Cars/Day, Freeway Visibility and Direct Access to Downtown Columbus
  • Average Household Income Exceeds $86,000 in Immediate Trade Area
  • Close Proximity to Mill Valley North, a New Subdivision with 1,110 Homes, and Woodside Commerce District, a 100-Acre Mixed-Use Community with 850 New Apartments

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s) OH: BRK.2007005898

    Ohio

Listing Price: $2,946,000

Cap Rate
4.85%
Tenant Name
Texas Roadhouse
Years Remaining On Lease
4.9
Guarantor
Corporate Guarantee
Rentable SF
7,462
Lease Type
NNN Ground Lease
Rent Per Square Feet
$1.91

Investment Highlights

  • 15-Year Absolute NNN Ground Lease with 10% Increases Every 5 Years
  • Corporate Guaranty (NASDAQ: TXRH), Profitable in 2020 Unlike Competitors (Darden, Bloomin' Brands, and BJ's)
  • Only Closed One Location Out of 537 Corporate-Operated Restaurants in 2020, Projected to Open 25-30 Corporate Locations in 2021
  • Brand New Construction with a Dedicated Drive-Thru Lane and Window for Online Orders
  • Strategic Location, Closest Texas Roadhouse Over 20 Miles Away
  • Immediately Off SR-33 with 43,370 Cars/Day, Freeway Visibility and Direct Access to Downtown Columbus
  • Average Household Income Exceeds $86,000 in Immediate Trade Area
  • Close Proximity to Mill Valley North, a New Subdivision with 1,110 Homes, and Woodside Commerce District, a 100-Acre Mixed-Use Community with 850 New Apartments

Investment Overview

Marcus & Millichap is pleased to present the Texas Roadhouse Ground Lease in Marysville, Ohio.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s): OH: BRK.2007005898

    Ohio

MM Texture Background
MM Textured Background Lower