Del Rio, TX - Texas Roadhouse

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN leased, Texas Roadhouse investment property located in Del Rio, Texas. The tenant, Texas Roadhouse has over 13 years of initial lease term remaining with 3 (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 at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

The Texas Roadhouse is located near the signalized, hard corner intersection of Veterans Blvd/US Highway 277 and W Cantu Road which combine to average over 29,000 vehicles passing by daily. Veterans Blvd is the major retail thoroughfare serving the city of Del Rio. The Texas Roadhouse is in close proximity to Plaza Del Sol Mall, which features national/credit tenants including Marshalls, Cinemark, Ross, Burlington, Five Below, ULTA Beauty, Hibbett Sports, Chick-fil-A, and Starbucks. In addition, Texas Roadhouse is also near La Villita Shopping Center with national/credit tenants including dd’s Discounts, Family Dollar, AutoZone, and others. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Walmart Supercenter, The Home Depot, Harbor Freight, Taco Bell, Panda Express, Planet Fitness, KFC, and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 41,200 residents and 14,250 employees with an average household income of $74,630.