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 Indianapolis, Indiana and 25+ years of occupancy history at the subject site.
The Property is subject to a brand-new, 15-year, absolute NNN lease with zero landlord responsibilities. The lease calls for substantial 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 locates across multiple restaurant concepts and had a market value of +/-$13B as of Q3 2024.
The offering is the perfect investment opportunity for any passive investor looking for quality real estate located with a major metro MSA and along a major retail/traffic corridor with a long-term, corporately guaranteed tenant.