3017 Century Farms Pky - Restaurant FOR SALE


Antioch, TN 37013
$5,155,000 USD
502-442-7074
3017 Century Farms Pky, Antioch, TN for Sale
$5,155,000 USD
Restaurant - FOR SALE
1/7
null | 4.85% Cap Rate

3017 Century Farms Pky
Antioch, TN 37013


HIGHLIGHTS

  • Brand New 15-Year Lease | Options To Extend | Scheduled Rental Increases | Corporate Guaranteed Ground Lease
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
  • Dense Retail Corridor | High Traffic Count | Frontage Visibility | Near Tanger Outlets Nashville
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

• Texas Roadhouse, Inc. will sign a new 15-year lease at the close of escrow with 4 (5-year) options to extend, demonstrating their commitment to the site • The lease features 10% rental increases every five years throughout the initial term and option periods, growing NOI and hedging against inflation • The lease is corporately guaranteed (NASDAQ: TXRH)

FOR SALE DETAILS

PRICE

$5,155,000 USD

PRICE/SF

$650 USD /SF

CAP RATE

4.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Texas Roadhouse | New 15yr Corp Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

171

LAND DETAILS

LAND ACRES

2.34 AC

LAND SF

101,930 SF

ZONING

SP

APN/PARCEL ID

174-00-0-291.00

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.