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    Texas Roadhouse
    $3,043,478
    Plus Lady Lake, FL
    Offering Memorandum
    Lease Type
    Ground
    Cap Rate
    4.60%
    Property Type

    Restaurant

    Building Size
    7,163 SF
    NOI
    $140,000
    Land Area
    2.01 AC
    Remaining Term
    12 Years
    Status
    Sold
    Michael Zimmerman
    Michael Zimmerman
    Founder
    Property Highlights
    Prime Investment Opportunity

    Texas Roadhouse is an international casual dining concept with more than 600 restaurants in 49 states and 10 foreign countries. The company (NasdaqGS: TXRH) has seen a 9.7 percent increase in total revenue during fiscal year 2019. This corporate-guaranteed Texas Roadhouse site features a Ground lease with no landlord responsibilities for ease of investment and scheduled rental increases every five years. A 10 percent rental increase is scheduled for January 2021, yielding an even greater return on investment.

    Highly Visible Retail Location

    The property sits along North U.S. Highway 27/441 with 27,500 cars passing daily. The building is an outparcel to Sam’s Club and is situated across from Village Crossroads and Lady Lake Crossing, which features tenants including Best Buy, Kohl’s, Petsmart and Ulta. This Texas Roadhouse location is also near the future site of Lady Lake Commons, a brand-new 72,420-square-foot retail center with tenants like Earth Fare, Goodwill, Heartland Dental and Miller’s Ale House.

    Proximity to The Villages

    This Texas Roadhouse location is part of the third-largest metropolitan area in Florida and is within a few miles of The Villages, the world’s largest gated, over-55 community. Visitors to the site have easy access to the heart of downtown Orlando and the area’s many theme parks. Orlando is one of the world’s most-visited tourist destinations, attracting more than 75 million tourists in 2018 alone. Additionally, Orlando hosts more than 10 million business visitors annually. The city is No. 1 in the nation for meetings and events, which on average have a total economic impact of more than $2.4 billion annually.

    Texas Roadhouse
    Lady Lake, FL
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