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29794130
29794131

800 W Paradise Dr, West Bend, WI 53095

CN
CA 02120126
Matthews
CO
CA 01985082
Matthews
Listed by Matthews
$2,073,000
111 days on market
Updated 49 days ago

Texas Roadhouse

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 5,106
Cap Rate 5.65%
NOI $117,128
Occupancy 100%
Tenancy Single
Brand/Tenant Applebee's, Chili's (+3)
Lease Type Absolute NNN
Lease Term 25
Lease Expiration 12/31/2030
Remaining Term 4.6
Rent Bumps Yes
Lease Options One, 5-Year Options
Price per SqFt $406
Class A
Year Built 2005
Buildings 1
Stories 1
Acreage 2.490
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 01/01/2006
Ground Lease Yes
Ownership Ground Lease

Texas Roadhouse| ±2.49 AC Lot Size | 5,106 SF | Absolute NNN

Investment highlights

  • Corporate Absolute NNN Lease: Texas Roadhouse, Inc. (NYSE: TXRH, Market Cap $12 Billion) is the tenant and is responsible for all maintenance, repairs, and expenses to the premises. TXRH stock has increased more than 115% over the past 5 years, reflecting strong corporate performance and credit quality.

  • Tenant Commitment to Location: Texas Roadhouse exercised its first 5-year renewal option in August 2020 (during the height of COVID-19) and most recently exercised its second renewal option in August 2025, demonstrating long-term dedication to the site.

  • Intrinsic Value – Below Replacement Cost: Priced below replacement cost, the offering costs less than purchasing land and constructing the existing structure. In-place rent of $22.94/SF supports tenant profitability and increases the likelihood of continued lease renewals.

  • Large-Sized Parcel: ±2.49 acres (per LandVision and CoStar), significantly larger than most comparable free-standing net-leased restaurant properties, providing added value and flexibility.

  • Excellent Retail Synergy: Outparcel to a Home Depot-anchored center at a signalized intersection entrance. Surrounded by major national retailers including Walmart Supercenter, Menards, Meijer, Marshalls, Petco, Chase Bank, Wendy’s, Starbucks, with a brand-new Chipotle and Panera Bread directly across the street—highlighting West Bend’s robust retail market.

  • Strong Demographics & Traffic Counts: More than 90,000 people within a 10-mile radius with average household income exceeding $98,000/year. Over 28,000 vehicles per day pass directly in front of the property.

  • Proximity to Hwy 45: Just 800 feet from an on/off ramp of Hwy 45, offering convenient access for travelers and reinforcing steady customer flow.

Listing Contacts

CN
CA 02120126
Matthews
CO
CA 01985082
Matthews
Listed by Matthews

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$117,128.00
$9,760.67/mo

Valuation Metrics

0
DSCR
5.65%
Cap Rate
5.65%
ROI

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Additional Information

Name
Matthew Fitzgerald
License
51983-90, 938105-91 (WI)
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
(866) 889-0550
Title
Broker of Record
Brokerage Address
1600 West End Ave, Ste. 1500 Nashville, TN 37203
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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