3720 Patrick Way - Restaurant FOR SALE
Elizabeth City, NC 27909 |
$3,392,000 USD
704-714-2363
3720 Patrick Way
Elizabeth City, NC 27909
HIGHLIGHTS
- 2024 brand new construction | 14.5-year lease term remaining
- Absolute net ground lease | No landlord responsibilities
- Corporate lease | Texas Roadhouse Holdings, LLC | 772 locations across 49 states & 10 foreign countries | NASDAQ: TXRH
- Outstanding average store sales | 2023 AUV $7.6M
- Close proximity to Tanglewood Pavilions, Shoppes at Tanglewood, and a Walmart Supercenter 402,428 SF of combined retail space
- Explosive population growth within a 1-mile radius | 43.62% from ’10-‘24
FOR SALE DETAILS
PRICE
$3,392,000 USD
PRICE/SF
$428 USD /SF
CAP RATE
5.1%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
ON GROUND LEASE
Yes
BUILDING DETAILS
PROPERTY NAME
Texas Roadhouse Ground Lease
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2024
SPRINKLERS
-
PARKING SPACES
180
LAND DETAILS
LAND ACRES
2.49 AC
LAND SF
108,464 SF
ZONING
-
APN/PARCEL ID
-
ASK ABOUT THIS PROPERTY
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704-714-2363
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704-714-2363
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