Kissimmee, FL - Texas Roadhouse
$3,830,000
NEC of US 192 & Partin Settlement, Kissimmee, FL 34744
4.7
Cap Rate
180,000
NOI
Details:
Description:
• Texas Roadhouse, Inc. Corporate signed lease
• New, 15-year lease with 4 (5-year) option periods to extend
• The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period
• The subject property is located at the intersection of Highway 192 and Partin Settlement Rd which combine to average 105,800 VPD and near Florida’s Turnpike (81,200 VPD)
• Located in close proximity to several multi-family developments including the Jamison (315 units), Academy Park Apartments (420 units), and the Settlement at Amber Pointe (321 units)
• The property is located in the center of a primary retail corridor with other national/credit tenants including Publix, Ross, Ulta, McDonald’s, Chipotle, CVS, Starbucks, Dunkin’, First Watch, and more
• Strong tenant synergy promotes crossover shopping to the subject property
Location
Gallery