2920 Oakland Ave - Restaurant FOR SALE


Indiana, PA 15701
$2,830,189 USD
202-286-1542
2920 Oakland Ave, Indiana, PA for Sale
$2,830,189 USD
Restaurant - FOR SALE
1/10
null | 5.3% Cap Rate

2920 Oakland Ave
Indiana, PA 15701


HIGHLIGHTS

  • Brand New 15-Year Lease | Scheduled Rental Increases | Corporate Guaranteed | Well-Known & Established Tenant
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
  • Dense Retail Corridor | Strong National/Credit Tenant Presence | Positioned Near Three Major Shopping Centers
  • Oakland Ave (14,000 VPD) | U.S. Highway 422 (12,000 VPD) | Centralized Location | 2024 Construction | Excellent Visibility
  • Direct Residential Consumer Base |Demographics in 5-Mile Trade Area

OVERVIEW

SRS Real Estate Partners-Northeast, LLC is pleased to offer the rare opportunity to acquire the leased fee interest (land ownership) in an absolute NNN, corporate guaranteed, newly built, Texas Roadhouse investment property located in Indiana, PA. The tenant, Texas Roadhouse, Inc., will sign a brand new 15-year lease with 4 (5-year) options at the close of escrow, demonstrating their long-term commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and option periods, growing NOI and hedging against inflation. The lease is corporate guaranteed (NASDAQ: TXRH), and is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. With over a 100% increase in stock price throughout the last 5 years, Texas Roadhouse continues to see immaculate growth, as the chain was ranked one of the most popular restaurants during the COVID-19 pandemic. The building, which will open on November 11th, 2024, will feature a state-of-the-art design using high quality materials.

FOR SALE DETAILS

PRICE

$2,830,189 USD

PRICE/SF

$357 USD /SF

CAP RATE

5.3%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Texas Roadhouse | 15yr Corp Abs NNN Ground

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

189

LAND DETAILS

LAND ACRES

2.32 AC

LAND SF

101,059 SF

ZONING

C-1

APN/PARCEL ID

42-017-129.16A

ASK ABOUT THIS PROPERTY

Andrew FallonSRS Real Estate PartnersMore Info
202-286-1542

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Andrew FallonSRS Real Estate PartnersMore Info
202-286-1542

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