Marietta, OH - Texas Roadhouse

Description:

• The tenant, Texas Roadhouse, Inc., recently signed a new 15-year lease with 4 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 10% rental increases every 5 years throughout the initial term and option periods, growing NOI and hedging against inflation
• The lease is corporate guaranteed (NASDAQ: TXRH)
• With over a 100% increase in stock price throughout the last 5 years, Texas Roadhouse continues to expand rapidly, as the chain was ranked one of the most popular restaurant chains during the COVID-19 pandemic

• The property has excellent position across from a Walmart Supercenter and Lowe’s anchored center, increasing crossover retail exposure to the site
• Other nearby national tenants include Kroger, ALDI, Starbucks, and IHOP
• Near on/off ramps of Interstate 77 (19,800 VPD)
• Strong tenant synergy increases consumer draw to the immediate trade area