Marcus & Millichap is pleased to present the opportunity to acquire a corporately guaranteed Texas Roadhouse ground lease located at 900 Young Street in Tonawanda, New York—part of the Buffalo–Niagara Falls MSA, the second-largest metro area in New York State. The ±7,245-square-foot freestanding restaurant sits on ±2.02 acres with direct frontage along Twin Cities Memorial Highway and Interstate 290, which see combined traffic counts exceeding 120,000 vehicles per day.
The property is subject to a long-term NNN ground lease with approximately 15 years of primary term remaining and four (4) five-year renewal options, extending the potential lease term to 2060. Backed by a corporate guarantee from Texas Roadhouse, Inc. (NASDAQ: TXRH), one of America’s most recognized full-service restaurant brands, the lease provides investors with secure, predictable income. Scheduled rent increases of 10% every five years beginning in 2035 offer built-in growth.
Located in a high-traffic retail corridor surrounded by national retailers, the property benefits from strong consumer draw and exceptional accessibility. The surrounding 5-mile radius boasts over 270,000 residents with an average household income exceeding $95,000, along with more than 78,000 daytime employees within three miles.
This offering represents a rare opportunity to acquire a stable, credit-backed investment in a thriving Buffalo submarket, with long-term income and the strength of a nationally recognized tenant.