Texas Roadhouse - Brand New NNN Ground Lease
For sale to qualified investors is a brand new absolute triple-net ground lease with Texas Roadhouse. The lease is corporately signed and Texas Roadhouse took possession of the property May 9, 2019. They are currently under construction and anticipate opening summer 2019. Texas Roadhouse has 563 restaurants located throughout 49 US States and signed a 15 year corporately-signed ground lease for this location. The lease is 100% hands off and provides 10% rental increases every 5 years during the initial term and options. The company selected Chillicothe due to its regional draw throughout Ross County as the county seat and center of commerce for the area. The property is surrounded by other national retailers and restaurants including Walmart, Lowe’s, Kohl’s, Sam’s Club, Menard’s, Kroger, Hobby Lobby, Dicks Sporting Goods, TJ Maxx, Aldi, Starbucks, Chipotle, Panera, Five Guys, Olive Garden, McDonald’s, Taco Bell, Arby’s, and many more.