900 Young St - Restaurant FOR SALE


Tonawanda, NY 14150
$3,826,087 USD
408-510-9057
900 Young St, Tonawanda, NY for Sale
$3,826,087 USD
Restaurant - FOR SALE
1/3
null | 5.75% Cap Rate

900 Young St
Tonawanda, NY 14150


HIGHLIGHTS

  • Long-Term NNN Ground Lease With ±15 Years Remaining in Primary Term
  • Corporate Guarantee From Texas Roadhouse, Inc. (NASDAQ: TXRH) – 720+ Locations Nationwide
  • Scheduled 10% Rent Increases Every 5 Years Beginning in 2035
  • ±7,245 SF Freestanding Restaurant on ±2.02 Acres With Ample Parking
  • High-Traffic Location Along Twin Cities Memorial Hwy & I-290 (±120,000 VPD Combined)
  • Dense Trade Area With 270K+ Residents Within 5 Miles | Avg. Household Income Exceeds $95K

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,826,087 USD

PRICE/SF

$493 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Texas Roadhouse | 15yr Term | 5.75% CAP

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding, Truck Stop

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.72 AC

LAND SF

74,923 SF

ZONING

P-S

APN/PARCEL ID

141600-053-070-0001-006-130,146489-053-110-0001-003-111

ASK ABOUT THIS PROPERTY

Tyler BindiMarcus & MillichapMore Info
408-510-9057

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

Tyler BindiMarcus & MillichapMore Info
408-510-9057

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