Texas Roadhouse Del Rio, TX

1918 Veterans Boulevard
Del Rio, TX

Price: $2,477,064
Cap Rate: 5.45%
NOI: $135,000
Building Size: Approx. 7,926 Sq. Ft.
Lot Size: Approx. 2.1 Acres
Type: Single-Tenant / Retail
Sub Category: Casual Dining
Year Built: 2023

Investment Overview

  • 2023 Construction. 7,926+/- SF Building on 2.1+/- Acre Site
  • 15-Year Ground Lease w/ 10% Rental Increases Every 5 Years in the Primary Term and Options
  • Excellent Location Along Veterans Boulevard (U.S. Highways 90, 277 & 377) (29,000 VPD)
  • Expanded Binational Trade Area of 235,000+ Residents Driven by Cross-Border Traffic from Ciudad Acuña
  • 5-Mile Trade Area Includes 41,000+ Residents and 14,000+ Employees with Avg. HH Income of $74,630
  • Texas Roadhouse Generates $8MM+ Average Unit Volumes with Strong Same-Store Sales Growth
  • Del Rio | Binational Trade Hub Supporting 235,000+ Residents | Population: 34,465

 

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