Texas Roadhouse

Corporate Absolute NNN Lease: Texas Roadhouse, Inc. (NYSE: TXRH, Market Cap $12 Billion) is the tenant and is responsible for all maintenance, repairs, and expenses to the premises. TXRH stock has increased more than 115% over the past 5 years, reflecting strong corporate performance and credit quality.
Tenant Commitment to Location: Texas Roadhouse exercised its first 5-year renewal option in August 2020 (during the height of COVID-19) and most recently exercised its second renewal option in August 2025, demonstrating long-term dedication to the site.
Intrinsic Value – Below Replacement Cost: Priced below replacement cost, the offering costs less than purchasing land and constructing the existing structure. In-place rent of $22.94/SF supports tenant profitability and increases the likelihood of continued lease renewals.
Large-Sized Parcel: ±2.49 acres (per LandVision and CoStar), significantly larger than most comparable free-standing net-leased restaurant properties, providing added value and flexibility.
Excellent Retail Synergy: Outparcel to a Home Depot-anchored center at a signalized intersection entrance. Surrounded by major national retailers including Walmart Supercenter, Menards, Meijer, Marshalls, Petco, Chase Bank, Wendy’s, Starbucks, with a brand-new Chipotle and Panera Bread directly across the street—highlighting West Bend’s robust retail market.
Strong Demographics & Traffic Counts: More than 90,000 people within a 10-mile radius with average household income exceeding $98,000/year. Over 28,000 vehicles per day pass directly in front of the property.
Proximity to Hwy 45: Just 800 feet from an on/off ramp of Hwy 45, offering convenient access for travelers and reinforcing steady customer flow.

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Matthew Fitzgerald