Hiram, GA - Texas Roadhouse
$3,600,000
225 Bill Carruth Parkway, Hiram, GA 30141
5.15
Cap Rate
185,000
NOI
Details:
Description:
• Texas Roadhouse, Inc. will sign a brand new 15-year lease at the close of escrow with 4 (5-year) options to extend, demonstrating their long-term commitment to the site
• The lease features 10% rental increases every five years throughout the initial term and option periods, growing NOI and providing a hedge against inflation
• The lease is guaranteed by Texas Roadhouse, Inc. (NASDAQ: TXRH), a growing restaurant company operating predominantly in the casual dining segment with over 790 restaurants system-wide
- The asset is ideally located near the signalized, hard corner intersection of Bill Carruth Parkway and U.S. Highway 278 which supports more than 59,000 vehicles per day
- Directly adjacent to Wellstar Paulding Medical Center, a 112-bed regional hospital, and Manor Lake, an 86-unit / 95-bed assisted living and memory
- The site is within close proximity to multiple national/credit tenants including Walmart Supercenter, Target, Costco, Samâ€s Club, Home Depot, and More
Location

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