10340 E Us-36 - Restaurant FOR SALE


Avon, IN 46123
$5,145,000 USD
317-218-5316
10340 E Us-36, Avon, IN for Sale
$5,145,000 USD
Restaurant - FOR SALE
1/3
null | 5.75% Cap Rate

10340 E Us-36
Avon, IN 46123


HIGHLIGHTS

  • Very Rare Fee-Simple Ownership: Land & Building Ownership Allows for Depreciation Tax Benefits
  • Long-Term NNN Lease: Base Lease Term of 15 Years with Three, Five-Year Options to Renew & Zero Landlord Responsibilities
  • Strong Demos: 5-Mile Average Household Income of +/-$131,000 and 5-Mile Consumer Spending Approximately $2.4 Billion
  • Corporate Guarantee: Brand-New Lease with Texas Roadhouse, Inc. (NASDAQ: TXRH)

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire a rare, fee-simple ownership (land + building) Texas Roadhouse with a brand-new, 15-year, absolute NNN lease located in the city of Avon, part of Hendricks County; a high growth and affluent western suburb of Indianapolis, Indiana. Subject to a brand-new, 15-year, absolute triple-net lease with zero landlord responsibilities, the property has been operating as a Texas Roodhouse for 25 years. The lease calls for 10% 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 locations across multiple restaurant concepts and had a market value of approximately $12 billion as of Q4 2024.

FOR SALE DETAILS

PRICE

$5,145,000 USD

PRICE/SF

$688 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Texas Roadhouse

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

110

LAND DETAILS

LAND ACRES

1.47 AC

LAND SF

64,033 SF

ZONING

-

APN/PARCEL ID

32-09-05-362-002.000-031

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.