5940 E Main St - Restaurant FOR SALE


Columbus, OH 43213
$3,454,545 USD
317-218-5316
5940 E Main St, Columbus, OH for Sale
$3,454,545 USD
Restaurant - FOR SALE
1/3
null | 5.5% Cap Rate

5940 E Main St
Columbus, OH 43213


HIGHLIGHTS

  • Land & Building Ownership Allows for Depreciation Tax Benefits
  • Base Lease Term of 10 Years with Three, Five-Year Options to Renew & Zero Landlord Responsibilities
  • 10% Rental Increases Every Five Years & in Option Periods
  • Brand-New Lease with Texas Roadhouse, Inc. (NASDAQ: TXRH)
  • The Property is Located Off of and Highly Visible from Interstate 270, which Experiences 100K+ Vehicles-Per-Day

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire a rare, fee-simple ownership (land + building) Texas Roadhouse with a brand-new, 10-year, absolute NNN lease located in Columbus, Ohio and 20+ years of occupancy history at the subject site The Property is subject to a brand-new, 10-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 a perfect investment opportunity for any passive investor looking for quality real estate with a long-term, corporately guaranteed tenant.

FOR SALE DETAILS

PRICE

$3,454,545 USD

PRICE/SF

$320 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Texas Roadhouse

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.19 AC

LAND SF

95,396 SF

ZONING

-

APN/PARCEL ID

010-301454

ASK ABOUT THIS PROPERTY

Jordan KlinkMarcus & MillichapMore Info
317-218-5316

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Jordan KlinkMarcus & MillichapMore Info
317-218-5316

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