Retail

Texas Roadhouse Steubenville OH

100 Mall Drive Steubenville, OH United States 43952
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Year Built 2013
Building Area
Occupancy 100.0 %
Last Updated Date 22 Apr 2020

Property Description

Texas Roadhouse is operating on a 0.96-acre outparcel to the Fort Steuben Mall. The property is situated off of Route 43/Sunset Boulevard, which is a main retail corridor in the area that boasts over 24,150 VPD. In addition to the other nationally-recognized outparcel tenants (Aspen Dental and WesBanco) that are situated adjacent to the Property, there is a 24-Hour Walmart supercenter located just behind the Property, further driving consumers to the area.

Investment Highlights

JLL is pleased to exclusively offer the opportunity to acquire the fee simple interest in a single tenant property corporately leased to Texas Roadhouse (the “Property”) in Steubenville, OH. The Tenant has been operating at this location since 2013 and recently executed a long-term, 10-year lease extension, showing commitment to this location. There are now 13 years remaining on the NNN ground lease with attractive, 5% rental increases throughout the remainder of the primary term. These 5% rental increases will also continue in the two (2), five (5) year option periods that remain.
Steve Schrenk
Steve Schrenk
Director, Capital Markets
License details
NJ-1433421
Marc Mandel
Marc Mandel
Managing Director, Capital Markets
License details
PA - AB068236 DE - RS-0019936 NJ - 0894218

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