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Restaurant

Texas Roadhouse Very Low Rent Miami MSA

33090 S Dixie Hwy, Florida City, FL 33034

Listing Price: $3,520,000

Cap Rate
3.75%
Tenant Name
Texas Roadhouse
Years Remaining On Lease
10.2
Gross SF
7,163
Guarantor
Corporate Guarantee
Rentable SF
7,163
Price/Gross SF
$491.41
Lease Type
NNN Ground Lease
Rent Per Square Feet
$18.43

Investment Overview

Marcus & Millichap is pleased to present for sale this Texas Roadhouse
Restaurant Ground Lease located at 33090 South Dixie Highway in Florida
City, Florida. This site is located on US1/South Dixie Highway just 42 Miles
south of Downtown Miami in Florida City. With accessibility from US-1 and the
Florida Turnpike to the east, the immediate area is home to national retailers
Home Depot, BJs Wholesale Club, Best Buy, Mattress Firm, Panda Express,
AutoZone, Bank of America, Chase, Payless Shoe Source, and Krispy Kreme,
among others.
This property is located near several brand-new home communities. This
area has been drawing newcomers for decades because of the warm weather,
variety of culture, activities and proximity to the beautiful Atlantic Ocean.
These new home developments include The Towns at Seascape, a brand- new
townhome community, Avella Park by D.R. Horton, Lennar at Riviera and many
more sold-out new home communities. Several apartment complexes such as
River Oaks Apartment complex are also nearby the property. Florida City and
the Homestead area is a rapidly growing community that is expected to double
in population in the next five years.
This Texas Roadhouse is in close proximity to Floridas Turnpike, US-1, Florida
Keys Outlet Marketplace and the beautiful Florida Keys. Only minutes from this
Texas Roadhouse is Miami-Dade College Homestead Campus. Miami Dade
College has student enrollment of over 85,000 students across all campuses
and this Homestead Campus has award winning programs in aviation, nursing,
business and education. Minutes from the property is Homestead Hospital, a
modern, full-service 147-Bed Hospital located in the community since 1940.
Florida City is a bustling, growing city and is the southernmost municipality in
the South Florida Metropolitan Area and a thriving suburb of Miami-Dade with a
growing population of over 11,928, Florida City is well known as the Gateway
to the Florida Keys and Everglades. Florida City offers an excellent variety
of things to do for those vacationing in South Florida with Attractions such as
Coral Castle Museum, Knaus Berry Farm, Biscayne National Park, Big Cypress
National Preserve, Homestead Bayfront Park , Everglades National Park and
the Homestead-Miami Speedway. Just a short trip south from Florida City and
you arrive at the Florida Keys, home to an abundance of recreational and water
activities and the ever- popular city of Key West.
Texas Roadhouse is a Texas-themed American steakhouse chain restaurant
that specializes in Steaks in a Texan and Southwestern cuisine style. It is a
subsidiary of Texas Roadhouse, Inc. which is headquartered in Louisville,Kentucky.

Investment Highlights

  • Strong Corporate Guarantee | NASDAQ: TXRH | Market Cap Exceeding $6.8B (May 2021)
  • Very Low Rent and Strong Intrinsic Value
  • 7,163 Square Foot Building Situated on 1.8 Acres of Land
  • Property located Nearby Miami Dade College Homestead Campus
  • Located Near Several Brand New Home Communities Including Avella park by D.R. Horton
  • Minutes From Homestead Hospital with 147 Beds and in the Community Since 1940

Exclusively Listed By

Restaurant

Texas Roadhouse Very Low Rent Miami MSA

Listing Price: $3,520,000

Cap Rate
3.75%
Tenant Name
Texas Roadhouse
Years Remaining On Lease
10.2
Gross SF
7,163
Guarantor
Corporate Guarantee
Rentable SF
7,163
Price/Gross SF
$491.41
Lease Type
NNN Ground Lease
Rent Per Square Feet
$18.43

Investment Highlights

  • Strong Corporate Guarantee | NASDAQ: TXRH | Market Cap Exceeding $6.8B (May 2021)
  • Very Low Rent and Strong Intrinsic Value
  • 7,163 Square Foot Building Situated on 1.8 Acres of Land
  • Property located Nearby Miami Dade College Homestead Campus
  • Located Near Several Brand New Home Communities Including Avella park by D.R. Horton
  • Minutes From Homestead Hospital with 147 Beds and in the Community Since 1940

Investment Overview

Marcus & Millichap is pleased to present for sale this Texas Roadhouse
Restaurant Ground Lease located at 33090 South Dixie Highway in Florida
City, Florida. This site is located on US1/South Dixie Highway just 42 Miles
south of Downtown Miami in Florida City. With accessibility from US-1 and the
Florida Turnpike to the east, the immediate area is home to national retailers
Home Depot, BJs Wholesale Club, Best Buy, Mattress Firm, Panda Express,
AutoZone, Bank of America, Chase, Payless Shoe Source, and Krispy Kreme,
among others.
This property is located near several brand-new home communities. This
area has been drawing newcomers for decades because of the warm weather,
variety of culture, activities and proximity to the beautiful Atlantic Ocean.
These new home developments include The Towns at Seascape, a brand- new
townhome community, Avella Park by D.R. Horton, Lennar at Riviera and many
more sold-out new home communities. Several apartment complexes such as
River Oaks Apartment complex are also nearby the property. Florida City and
the Homestead area is a rapidly growing community that is expected to double
in population in the next five years.
This Texas Roadhouse is in close proximity to Floridas Turnpike, US-1, Florida
Keys Outlet Marketplace and the beautiful Florida Keys. Only minutes from this
Texas Roadhouse is Miami-Dade College Homestead Campus. Miami Dade
College has student enrollment of over 85,000 students across all campuses
and this Homestead Campus has award winning programs in aviation, nursing,
business and education. Minutes from the property is Homestead Hospital, a
modern, full-service 147-Bed Hospital located in the community since 1940.
Florida City is a bustling, growing city and is the southernmost municipality in
the South Florida Metropolitan Area and a thriving suburb of Miami-Dade with a
growing population of over 11,928, Florida City is well known as the Gateway
to the Florida Keys and Everglades. Florida City offers an excellent variety
of things to do for those vacationing in South Florida with Attractions such as
Coral Castle Museum, Knaus Berry Farm, Biscayne National Park, Big Cypress
National Preserve, Homestead Bayfront Park , Everglades National Park and
the Homestead-Miami Speedway. Just a short trip south from Florida City and
you arrive at the Florida Keys, home to an abundance of recreational and water
activities and the ever- popular city of Key West.
Texas Roadhouse is a Texas-themed American steakhouse chain restaurant
that specializes in Steaks in a Texan and Southwestern cuisine style. It is a
subsidiary of Texas Roadhouse, Inc. which is headquartered in Louisville,Kentucky.

Exclusively Listed By

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