Texas Roadhouse

Tenant

Texas Roadhouse

Location

Howell, New Jersey

Price

$3,100,000

CAP Rate

5.16%

NOI

$160,000

Lease Term

15 Years

Occupancy

100%

Building Size

7,100

Property Type

Single Tenant

Year Built

2017

Lot Size

.16 Acres

Status

Closed

Property Contacts:

Karly Iacono

Associate Director

201-742-6119 | Email

| Email

  • Brand New 15 Year NNN Ground Lease
  • Brand New Construction to be Delivered 1/2018
  • 10% Rent Increase Every 5 Years
  • Corporate Guarantee – Texas Roadhouse has 530 locations & a 12% increase in revenue to $540 Million in 2017
  • Surrounded by National Retailers including Lowe’s, Target, Shop Rite, Hobby Lobby, and many more
  • A part of GreenLeaf at Howell Plaza, a 290,000 Multi-Tenant Development which features BJ’s, Sleepy’s, & T-Mobile

Marcus & Millichap is pleased to announce a NNN Texas Roadhouse in Howell, NJ. Corporately backed, Texas Roadhouse has 530 locations & had a 12% increase in revenue to $540 Million in 2017.