Texas Roadhouse Ground Lease
Single-Tenant Offerings
Texas Roadhouse Ground Lease
3450 E. Andrew Johnson Hwy.
Greeneville (West of Johnson City), TN
- Price:
- $2,455,000
- Cap Rate:
- 5.50%
- NOI:
- $135,000
- Rentable SQFT:
- 7,926 SF
- Year Built:
- 2024
- Lot Size:
- 3.05 +/- Acres
- Lease Type:
- Ground Lease
- Status:
- Under Contract
Investment Highlights
- 15-Year Absolute NNN Ground Lease with 10% Increases Every 5 Years
- Corporate Guaranty (NASDAQ: TXRH), 753 Locations and $4.63 Billion in Annual Revenue
- Purchase Price Well-Below Capital Investment Made by Tenant, Average Capital Investment for a New Restaurant is $7.8 Million
- Average Unit-Level Sales for Texas Roadhouse in 2023 was Approximately $7.6 Million, Up 9.9% YOY
- Brand New High-Quality Construction with a Window for Takeout/Online Orders
- Strategic Location, Closest Texas Roadhouse is Over 27 Miles Away
- Strong Average Household Incomes in Excess of $84,000 in Immediate Trade Area
- Regional Retail Hub, Down the Street from Walmart Supercenter, Lowe’s, Publix, Aldi, Hobby Lobby, Ross, Marshalls, and Many More
- New Signalized Intersection, Highly Visible Along Major East/West Artery with 25,766 Cars/Day
- Near Major Employers, Strong Daytime Population of Over 18,000 Employees
- Minutes to Tusculum University (1,322 Students) and Several K-12 Schools (7,500+ Students in County School District)
- Northeast of the Great Smoky Mountains with Over 13.3 Million Visitors Annually
- Close Proximity to Pisgah-Nantahala National Forest (Over 10 Million Visitors/Year) and Cherokee National Forest (Over 2 Million Visitors/Year)
- Situated in the Heart of the Appalachian Region where Tourism is the Fastest Growing Industry
- Tax Free State, No State Income Tax in Tennessee
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