225 Bill Carruth Pky - Retail FOR SALE


Hiram, GA 30141
$3,600,000 USD
502-442-7074
225 Bill Carruth Pky, Hiram, GA for Sale
$3,600,000 USD
Retail - FOR SALE
1/6
null | 5.14% Cap Rate

225 Bill Carruth Pky
Hiram, GA 30141


HIGHLIGHTS

  • Brand New 15-Year Lease | Options To Extend | Scheduled Rental Increases | Corporate Guaranteed Ground Lease
  • Absolute NNN | Leased Fee Ownership - Ground Lease | Zero Landlord Responsibilities
  • Signalized, Hard Corner Intersection | Nearby Medical Anchors | Dense Retail Corridor | Strong National/Credit Tenants
  • Strong Demographics in 5-Mile Trade Area

OVERVIEW

• Texas Roadhouse, Inc. will sign a brand new 15-year lease at the close of escrow with 4 (5-year) options to extend, demonstrating their long-term commitment to the site • The lease features 10% rental increases every five years throughout the initial term and option periods, growing NOI and providing a hedge against inflation • The lease is guaranteed by Texas Roadhouse, Inc. (NASDAQ: TXRH), a growing restaurant company operating predominantly in the casual dining segment with over 790 restaurants system-wide

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$406 USD /SF

CAP RATE

5.14%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Texas Roadhouse | New 15yr Corp Grd Lse

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

188

LAND DETAILS

LAND ACRES

2.62 AC

LAND SF

114,127 SF

ZONING

B-2

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Morgan ZantSRS National Net LeaseMore Info
502-442-7074

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Morgan ZantSRS National Net LeaseMore Info
502-442-7074

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