Lowest Cap Rate
4.34%
Lowest Cap Rate over past 24 months
Average Cap Rate
5.22%
12 mo avg with 5+ yr lease term
Average Cap Rate calculated if 3+ comps are available over past 12 months
Quarter Cap Rate
5.30%
Average Cap Rate over previous quarter
Overview
Texas Roadhouse is an American steakhouse chain restaurant known for their western themed restaurants. Texas Roadhouse currently has 572 locations in 49 states, as well as internationally. The average 15-year NNN lease relieves the landlord of all responsibilities and typically includes 10% rental escalations every 5 years. Texas Roadhouse locations are on average anywhere from 6,700-7,500 square feet and can seat up to 250 patrons.
Property & Lease
Sales Price Range$2,000,000 - $3,500,000
NOI Range$120,000 - $200,000
Building SF6,700 - 7,500
Lease Term15 Years
Escalations10% Every 5 Years
Stock SymbolNASDAQ:TXRH
Credit Rating
S&PN/A
Moody'sN/A
Cap Rate By Region
N/A
4.90
5.11
4.66
N/A
4.86
*Regional cap rates calculated from sales data available over the past 24 months, irrespective of remaining term.
Financial Fundamentals
- Overview
- Cap Rate By Region
- Financial Fundamentals
- Stock Analysis
Recent Sales Comps
Searcy, AR5.50%
Sanford, FL5.15%
Owasso, OK5.24%
Top Consumer Traffic
Union City, CA730,900
Corpus Christi, TX726,000
Grand Prairie, TX687,900
Provided by Placer.ai
*Indicates ranking may be skewed due to limited data
