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Texas Roadhouse

$3,085,000

6060 Gurnee Mills Circle East, Gurnee, IL 60031

Active
Last Updated: 07/11/2025

5.35

Cap Rate

165,000

NOI

Details:
Cap Rate:    5.35%
NOI:    $165,000
Building Size:    7,926 sqft
Lot Area:    0.46 sqft
Occupancy:    100%
Lease Type:    Triple Net
Year Built:    2025
Tenancy:    Single
Highlights:
  • 14.5 YEAR GROUND LEASE | ZERO LANDLORD RESPONSIBILITES
  • TEXAS ROADHOUSE CORPORATE LEASE | DEBT-FREE BALANCE SHEET
  • HIGH PERFORMING LOCATION | #2 IN STATE OF ILLINOIS
  • OUTLOT TO GURNEE MILLS MALL | 10 MILLION ANNUAL VISITORS
  • DOMINANT RETAIL TRADE AREA | REGIONAL DRAW
  • AFFLUENT CUSTOMER BASE | $152,598 AVERAGE HOUSEHOLD INCOME WITHIN 3 MILES
Description:

Mid-America Real Estate Corporation has been retained on behalf of the owner to sell the 100% fee simple interest in the 7,926 square foot freestanding Texas Roadhouse location located at the entrance to Gurnee Mills Mall off Grand Avenue (US-132) in Gurnee, Illinois. The subject offering features 14.5-year ground lease with a newly constructed Texas Roadhouse.

Map:
Documents:
Title
Texas_Roadhouse_-_Gurnee__IL_OM.pdf
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