Marcus & Millichap is pleased to present the opportunity to acquire a rare, fee-simple ownership (land + building) Texas Roadhouse with a brand-new, 15-year, absolute NNN lease located in the city of Avon, part of Hendricks County; a high growth and affluent western suburb of Indianapolis, Indiana.
Subject to a brand-new, 15-year, absolute triple-net lease with zero landlord responsibilities, the property has been operating as a Texas Roodhouse for 25 years. The lease calls for 10% rental increases every five years throughout the base term and at each of the three, five-year option periods. The lease is guaranteed by Texas Roadhouse Corporate (NASDAQ: TXRH), which operates +/-800 locations across multiple restaurant concepts and had a market value of approximately $12 billion as of Q4 2024.
The offering is a perfect investment opportunity for any passive investor looking for high-quality real estate in a premier, affluent submarket with high barriers of entry and limited real estate transaction velocity with a long-term, corporately guaranteed lease with investment appreciation potential, rental income growth and immediate potential tax depreciation benefits.