Retail    

Texas Roadhouse
(Ground Lease)

 Gainesville, Florida

Asking Price

$4,070,000

Cap Rate

5.00%

For more details on this exclusive listing

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Lease Type

Abs. NNN GL

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National Credit Tenant

Texas Roadhouse

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Lease Term

10+ Years Remain

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Near University of Florida

60,000+ Students

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Strong Unit-Level Sales

$1.5M Above AUV

INVESTMENT HIGHLIGHTS

  • Absolute NNN Ground Lease Structure
    Zero landlord responsibilities
  • National Credit Tenant
    Premier casual dining restaurant, Texas Roadhouse (Ticker: TXRH).  $4.6+ billion in revenue and $304+ million in net income in FYE 2023
  • Long Lease Term Remaining
    10+ years remaining
  • Strong Unit-Level Sales
    $1.5 million above Texas Roadhouse’s 2023 AUV
  • Located Near the University of Florida 
    60,000+ students; 90,000+ football attendees each home-game weekend, and an economic impact of over $14 million each home-game weekend

  • Across from HCA Florida Healthcare
    New 13,000 SF emergency room and $231 million expansion will add a new 90-bed hospital
  • Strong Retail Synergy
    Near Celebration Pointe (1.9M annual visits, per Placer.ai) and other national retailers, including Target, Walmart, Sam’s Club, Bass Pro Shops, Wawa, Starbucks, Cracker Barrel, Chipotle, Chick-fil-A and many more
  • Strong Demographics
    153K+ residents with $86K+ average household income within 5 miles
  • High-Traffic Location with Great Visibility
    Near the intersection of Archer Rd (29,200+ VPD) and Interstate 75 (80,200+ VPD)

Exclusively Listed By

Michael Zimmerman

Vice President
  mzimmerman@northmarq.com      +1 954.290.6366
FL Lic. #BK3088542

Daniel Herrold

Senior Vice President
  dherrold@northmarq.com      +1 918.794.9541

Matt Spangenberg

Associate Vice President
  mspangenberg@northmarq.com      +1 312.777.2442

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