Listed by Secure Net Lease
$2,477,065
Texas Roadhouse
Details
Property Type Retail
Sub Type Restaurant, Bar
Square Footage 7,926
Cap Rate 5.45%
NOI $135,000
Occupancy 100%
Tenancy Single
Brand/Tenant Chili's, Outback Steakhouse
Lease Type Net
Lease Term 15
Lease Expiration 08/31/2038
Rent Bumps Yes
Lease Options (3) 5-Year Options to Renew
Year Built 2023
Acreage 2.100
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 08/31/2023
Ground Lease Yes
Adjacent to Plaza Del Sol Mall & Positioned Along Del Rio’s Primary Retail Corridor with 29K VPD
Marketing description
- Adjacent to Plaza Del Sol Mall (Marshalls, Cinemark, Ross, Burlington, ULTA, Chick-fil-A, Starbucks)
- Residents Of Ciudad Acuña (Population ~200,000) Frequently Cross The Del Rio–Ciudad Acuña International Bridge Into Del Rio (Population ~35,000), Creating An Expanded Binational Retail Trade Area Of Over 235,000 Residents That Regularly Support Local Dining And Retail Demand
- Proximate to Walmart Supercenter, Home Depot, Harbor Freight, Taco Bell, Panda Express, Planet Fitness, KFC
- The Casual Dining Category Is Consolidating Around A Few Dominant Brands, With Texas Roadhouse Currently Leading The Sector In Sales Momentum
- Industry-Leading Unit Economics And Strong Same-Store Sales Performance Continue To Support Aggressive Expansion For Texas Roadhouse. This Operational Strength Has Translated Into Significant Investor Demand For Texas Roadhouse NNN Properties, Which Consistently Command Premium Valuations And Compressed Cap Rates Within The Casual Dining Segment.
Investment highlights
- Texas Roadhouse - One of the strongest performing brands in the casual dining sector, generating average unit volumes in excess of $8 million and reporting 8.5% same-store sales growth
- The Property Benefits From An Expanded Cross-Border Trade Area, including Ciudad Acuña, Mexico. The international bridge generates consistent consumer traffic into Del Rio for dining, retail shopping, and services, effectively expanding the regional customer base beyond the local population
- The Property Benefits From Extended Regional Influence Spanning Approximately 25–60 Miles, drawing consumers from surrounding markets including Uvalde and Eagle Pass. Together, these communities contribute to a combined regional population influence exceeding 100,000 residents, expanding the property’s effective trade area beyond the immediate Del Rio market
- Property - Located along Veterans Boulevard (U.S. Highways 90, 277, and 377), which serves as the primary retail corridor in Del Rio and carries approximately 29,000 vehicles per day
- Five-Mile Trade Area includes more than 41,000 residents and over 14,000 employees, with an average household income of approximately $74,630
- The Broader Region Is Supported By Several Stable Economic Drivers, including military and federal employment, cross-border commerce and international trade, healthcare systems, educational institutions, and regional government operations. In addition, cross-border consumer activity further strengthens retail demand, enhancing the depth and consistency of the overall trade area.
- Strategically Located Within A Multi-County Trade Area supported by healthcare, education, and government employment centers that drive consistent daily traffic into the Del Rio retail corridor.
Listing Contacts
Listed by Secure Net Lease
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$135,000.00
$11,250.00/mo
Valuation Metrics
0
DSCR
5.45%
Cap Rate
5.45%
ROI
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Brokerage
Brokerage Phone
Title
Name
License
Brokerage
Brokerage Phone
Title
Name
License
Brokerage
Brokerage Phone
Title
Brokerage Address
Is there information that looks off?
