800 W Paradise Dr - Restaurant FOR SALE
West Bend, WI 53095 |
$2,190,000 USD
949-662-2265
800 W Paradise Dr
West Bend, WI 53095
HIGHLIGHTS
- Corporate Absolute NNN Lease: Texas Roadhouse, Inc. (NYSE: TXRH, Market Cap $12 Billion) is the tenant and is responsible for all maintenance
- Tenant Commitment to Location: Texas Roadhouse exercised its first 5-year renewal option in August 2020 (during the height of COVID-19)
- Intrinsic Value – Below Replacement Cost: Priced below replacement cost, the offering costs less than purchasing land and construction
- Large-Sized Parcel: ±2.49 acres (per LandVision and CoStar), significantly larger than most comparable free-standing net-leased restaurant properties
- Excellent Retail Synergy: Outparcel to a Home Depot-anchored center at a signalized intersection entrance.
- Strong Demographics & Traffic Counts: More than 90,000 people within a 10-mile radius with average household income exceeding $98,000/year.
FOR SALE DETAILS
PRICE
$2,190,000 USD
PRICE/SF
$429 USD /SF
CAP RATE
5.35%
% 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
2005
SPRINKLERS
-
PARKING SPACES
24
LAND DETAILS
LAND ACRES
2.49 AC
LAND SF
108,464 SF
ZONING
Business
APN/PARCEL ID
-
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949-662-2265
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949-662-2265
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