ADVISORY AND TRANSACTIONAL SERVICES FOR SELLERS AND INVESTORS

Texas Roadhouse – Lady Lake, FL – Ground Lease

North U.S. Highway 27/441
Sold

SALE PRICE: $2,800,000
CAP RATE: 5.0%

PROPERTY HIGHLIGHTS:

  • Excellent Location — Part of the Orlando-Kissimmee-Sanford MSA (26th largest MSA in the U.S., 6th largest in the Southern U.S., and 3rd largest in Florida; within a few miles of the world’s largest, gated over-55 community, The Villages, and approximately an hour from Orlando
  • Prime Retail — Outparcel to Sam’s Club, and located across from Village Crossroads (185K+ sf, anchored by Best Buy, PetSmart, etc.) & Lady Lake Crossing (184K+ sf, anchored by Kohl’s & Ulta) shopping centers
  • Strong Tenant — Texas Roadhouse operates 450+ restaurants system-wide in 49 states & 4 foreign countries; comparable restaurant sales increased 6.9% at company restaurants and 7.7% at franchise restaurants as of September 29, 2015
  • Quality Investment — Brand new construction with fixed 10% rental increases every 5 years and zero landlord responsibilities
  • Affluent Trade Area — Over 67,000 households and 187,000 people, with an average household income of $76K+, within five miles
  • There are no features available

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$2,800,000

7,163 sf

Price:

$2,800,000

Cap Rate:

5.0%

Building Size:

7,163 sf

SF Land Area:

2.01 acres

Current NOI:

$140,000

Lease Type:

Ground

Remaining Term:

Fifteen (15) Years

Status:

Closed

CONTACT BROKER

Michael Zimmerman

(919) 391-9901

Download Offering Memorandum
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