500 S Bibb Ave - Restaurant FOR SALE


Eagle Pass, TX 78852
$2,913,000 USD
480-221-4221
500 S Bibb Ave, Eagle Pass, TX for Sale
$2,913,000 USD
Restaurant - FOR SALE
1/9
null | 5.15% Cap Rate

500 S Bibb Ave
Eagle Pass, TX 78852


HIGHLIGHTS

  • Brand New 15-Year Lease | Corporate Signed | Scheduled Rental Increases
  • Absolute NNN | Leased Fee Ownership | No Landlord Responsibilities
  • Walmart Supercenter Anchored | HEB Anchored Center |Mall De Las Aguilas (447,000 SF) | Primary Retail Corridor
  • Strong Demographics in 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN leased, Texas Roadhouse investment property located in Eagle Pass, Texas. The tenant, Texas Roadhouse, Inc 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 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.

FOR SALE DETAILS

PRICE

$2,913,000 USD

PRICE/SF

$368 USD /SF

CAP RATE

5.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Texas Rdhouse | New 15yr Corp Abs NNN w/ Incr

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

153

LAND DETAILS

LAND ACRES

3.05 AC

LAND SF

132,858 SF

ZONING

C-2

APN/PARCEL ID

4699

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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