Texas Roadhouse Ground Lease, Beaumont, Texas

Investment Highlights

• Brand-New 15 Year Absolute NNN Ground Lease – Stable Cash Flow Asset – Zero Landlord Responsibilities – Three (5-Year) Options to Renew
• 10% Rental Increases Every 5 Years Throughout the Initial Term and Option Periods, Providing a Strong Hedge Against Inflation
• Corporately Guaranteed Lease by Texas Roadhouse, Inc. – Texas Roadhouse is a Best in Class, Well-Established Tenant Founded in 1987 That Operates More Than 678 Locations in 49 States & 10 Additional Countries
• New Construction, Pride of Ownership Asset Featuring Texas Roadhouse’s Latest Prototype Design – a Modern and Aesthetically Pleasing Property
• Intrinsic Value Asset – Large Format Restaurant at 7,831 Square Feet on a Massive 1.87 Acre Parcel with 139 Parking Spaces, Providing Texas Roadhouse with the Ability to Effectively Handle High Restaurant Volume
• High Traffic Location with Excellent Visibility – More Than 92,000 Vehicles Per Day on Eastex Freeway & Over 29,000 Vehicles Per Day on Dowlen Rd
• Densely Populated, Infill Location with Excellent Demographics – Over 82,500 People in a 5-Mile Radius with Average Household Income Exceeding $86,000 in a 3-Mile Radius of the Property
• Strategically Positioned as a Pad to Parkdale Mall, a Super Regional Mall with More Than 6.56 Million Visits Over the Prior Calendar Year Making it the 18th Most Visited Super-Regional Mall in the State of Texas and the Most Visited within 50 Miles
• Over 10.3 Million Square Feet of Industrial & Office Space, 12.9 Million Square Feet of Restaurant & Retail Space and More Than 5,500 Businesses within a 5-Mile Radius of the Property, Resulting in a High Daytime Population of Over 56,000 Employees
• Situated Adjacent to a Walmart Supercenter that Has Seen More Than 2.48 Million Visits Over the Last Calendar Year
• Approximately 1.6 Miles from the 216 Bed Medical Center of Southeast Texas – Beaumont Hospital with More Than 300 Physicians On Staff and Generated Over $1.01 Billion in Total Patient Revenue in 2021
• Texas is an Income Tax Free State with a Strong Economy, Providing an Ideal Location for a 1031 Exchange Asset