2920 Oakland Ave, Indiana, PA 15701

SRS Real Estate Partners-Northeast, LLC is pleased to offer the rare opportunity to acquire the leased fee interest (land ownership) in an absolute NNN, corporate guaranteed, newly built, Texas Roadhouse investment property located in Indiana, PA. The tenant, Texas Roadhouse, Inc., will sign a brand new 15-year lease with 4 (5-year) options at the close of escrow, demonstrating their long-term commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and option periods, growing NOI and hedging against inflation. The lease is corporate guaranteed (NASDAQ: TXRH), and is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. With over a 100% increase in stock price throughout the last 5 years, Texas Roadhouse continues to see immaculate growth, as the chain was ranked one of the most popular restaurants during the COVID-19 pandemic. The building, which will open on November 11th, 2024, will feature a state-of-the-art design using high quality materials.

Texas Roadhouse is located along Oakland Ave, which averages 14,000 vehicles passing by daily and is a major retail thoroughfare serving the city of Indiana. The property has clear visibility and access to U.S. Highway 422 (12,000 VPD), which is a east/west travelling highway spanning across the state. The property is ideally situated within a dense retail corridor with many nearby national/credit tenants including Walmart Supercenter, Lowe’s Home Improvement, Kohl’s, ALDI, Giant Eagle, Dollar General, and others. In addition, Texas Roadhouse is located nearby several shopping centers including Southtown Plaza (272,000 SF), Indiana Mall (457,000 SF), Town Fair Plaza (230,000 SF), and more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure for the site. Furthermore, the property is within proximity to numerous single-family communities and multi-family complexes including Traverse Commons (224 units), The Commons on Pratt (134 units), Orchard Hill Apartments (156 units), and others, providing a direct residential consumer base from which the site can draw. The 5-mile trade area is supported by over 32,800 residents and 22,200 daytime employees. Residents within 5 miles of the site have an average household income of $83,012.