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    New Texas Roadhouse Investment Property Title is generated by Realmo AI

    2920 Oakland Ave, Indiana, PA

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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
    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
    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
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    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

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Indiana
    County
    Indiana
    State
    Pennsylvania
    Longitude
    -79.1893
    Latitude
    40.6022

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    FAQs

    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.
    (202) 286-1542 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Andrew Fallon
    Andrew Fallon
    Real Estate License ID: 0225193951
    Learn More
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