221 Vista Dr - Restaurant FOR SALE


Ruston, LA 71270
$2,952,000 USD
949-506-2009
221 Vista Dr, Ruston, LA for Sale
$2,952,000 USD
Restaurant - FOR SALE
1/9
null | 5.25% Cap Rate

221 Vista Dr
Ruston, LA 71270


HIGHLIGHTS

  • Corporate Signed Ground Lease | Options To Extend | Scheduled Rental Increases
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
  • Highly Rated, Growing Brand | Strong Consumer Base
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN ground leased, Texas Roadhouse investment property located in Ruston, Louisiana. The tenant, Texas Roadhouse, recently signed a brand new 15-year lease 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.

FOR SALE DETAILS

PRICE

$2,952,000 USD

PRICE/SF

$372 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

New Texas Roadhouse | 15-Yr GL | $8MM+ AUV

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

145

LAND DETAILS

LAND ACRES

1.77 AC

LAND SF

77,101 SF

ZONING

B-4

APN/PARCEL ID

25511

ASK ABOUT THIS PROPERTY

Calvin ShortSRS National Net LeaseMore Info
949-506-2009

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Calvin ShortSRS National Net LeaseMore Info
949-506-2009

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.