New Texas Roadhouse Investment Property

2920 Oakland Ave, Indiana, PA

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For Sale

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Newly built, corporate guaranteed Texas Roadhouse investment property for sale.

Type:RETAIL

Property size:

7,926 SF

Lot size:

15.84 Acres

Price / SF:

$344/SF

HighLights

Absolute NNN lease offers a management‑free, passive investment.
Corporate guarantee from Texas Roadhouse, Inc. (NASDAQ: TXRH).
Brand new 15‑year lease term with 4 (5‑year) options.
10% rental increases every 5 years.
Newly built property with a state‑of‑the‑art design, opening November 11th, 2024.
Located in Indiana, PA.

We can help!

Listing Contact

Andrew Fallon

Learn more

For Sale

Contact for pricing

Newly built, corporate guaranteed Texas Roadhouse investment property for sale.

Type:RETAIL

Property size:

7,926 SF

Lot size:

15.84 Acres

Price / SF:

$344/SF

Added:: May 14, 2025
Days on Market:: 392
Last Refresh:: May 19 at 10:42 pm

Property Features for 2920 Oakland Ave

General Information

Standard status: Active
Size: 7,926 SF
Lot size: 15.84 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Andrew Fallon

Listing agent Andrew Fallon License #0225193951

Listing office SRS Real Estate Partners | McLean

Listing date May 14, 2025

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners | McLean

HighLights

Absolute NNN lease offers a management‑free, passive investment.
Corporate guarantee from Texas Roadhouse, Inc. (NASDAQ: TXRH).
Brand new 15‑year lease term with 4 (5‑year) options.
10% rental increases every 5 years.
Newly built property with a state‑of‑the‑art design, opening November 11th, 2024.
Located in Indiana, PA.

Overview

This is an opportunity to acquire the leased fee interest (land ownership) in an absolute NNN, corporate guaranteed, newly built, Texas Roadhouse investment property located in Indiana, PA. The tenant, Texas Roadhouse, Inc., will sign a brand new 15-year lease with 4 (5-year) options at the close of escrow, demonstrating their long-term commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and option periods. The lease is corporate guaranteed (NASDAQ: TXRH), and is absolute NNN with zero landlord responsibilities. The building, which will open on November 11th, 2024, will feature a state-of-the-art design using high quality materials. The property is 7926 square feet.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$253.9k	$32.04
− Vacancy	−$26.4k	−$3.33
EGI	$227.5k	$28.71
− OpEx	−$56.9k	−$7.18
NOI	$170.7k	$21.53

7,926 SF · lease $32.04/SF/yr · vacancy 10.40% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$2.44M

$2.13M – $2.84M (±1% cap)

NOI $170,654 @ 7.0% cap · market cap 6.26%

Second Best

Retail

$1.28M

$1.12M – $1.49M (±1% cap)

NOI $89,382 @ 7.0% cap · market cap 3.28%

Theoretical Best

Office A

$2.51M

$2.20M – $2.93M (±1% cap)

NOI $175,767 @ 7.0% cap · market cap 6.44%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Restaurants

Suggested Use

Location Insight

Map
Local Demand

City: Indiana
County: Indiana
State: Pennsylvania
Longitude: -79.1893
Latitude: 40.6022

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For sale
Restaurants
PA
Indiana
2920 Oakland Ave

What type of property is this?

Restaurant - Newly built, corporate guaranteed Texas Roadhouse investment property for sale.

Where is this restaurant located?

The property is located at 2920 Oakland Ave Indiana, PA.

What is the asking price?

The asking price for this property is $2,727,273.

What are key features of this property?

This property features: Absolute NNN lease offers a management‑free, passive investment.; Corporate guarantee from Texas Roadhouse, Inc. (NASDAQ: TXRH).; Brand new 15‑year lease term with 4 (5‑year) options.

2920 Oakland Ave, Indiana, PA

Newly built, corporate guaranteed Texas Roadhouse investment property for sale.

Property Features for 2920 Oakland Ave

General Information

We can help!

HighLights

Overview

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Adaptable Office and Warehouse Space

Mixed-Use Property in Downtown Indiana

Duplex on Philadelphia Street

Turnkey Office with One-Bedroom Apartment

Downtown Indiana Office/Retail Space

Mixed-Use Property in Downtown Indiana

Mixed-Use Property in Downtown Indiana

Apartment Buildings in Indiana, PA

CVS Pharmacy with Health HUB

Freestanding Building with Drive-Thru

Medical Clinic Leased by VA

High-Traffic Commercial Property with Drive-Thru

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