8650 Duncan Ave - Restaurant FOR SALE


Pittsburgh, PA 15237
$2,300,000 USD
202-286-1542
8650 Duncan Ave, Pittsburgh, PA for Sale
$2,300,000 USD
Restaurant - FOR SALE
1/7
null | 5% Cap Rate

8650 Duncan Ave
Pittsburgh, PA 15237


HIGHLIGHTS

  • Approximately 12-Years Remaining | Scheduled Rental Increases | Corporate Guaranteed | Well-Known & Established Tenant
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
  • Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes
  • Dense Retail Corridor | Strong National/Credit Tenant Presence | Positioned Near Three Major Shopping Centers
  • McKnight Rd (45,400 VPD) | Interstate 279 (70,800 VPD) | Centralized Location | Excellent Visibility

OVERVIEW

SRS Real Estate Partners-Northeast, LLC 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 Pittsburgh, PA. The tenant, Texas Roadhouse Holdings, LLC has approximately 12 years remaining on the 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

$2,300,000 USD

PRICE/SF

$312 USD /SF

CAP RATE

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

2017

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.92 AC

LAND SF

83,635 SF

ZONING

M-U

APN/PARCEL ID

0715-K-00045-0000-00

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.