Texas Roadhouse Ground Lease
4155 Parkway Centre Dr Grove City, OH 43123
New
4155 Parkway Centre Dr, Grove City, OH, 43123
Contact for pricing
For Sale
Contact for pricing
Pending
Absolute triple-net ground lease with 11.5+ years remaining, guaranteed by Texas Roadhouse, plus scheduled 10% escalations.
Days on Market2
Property Features for 4155 Parkway Centre Dr
General Information
- Standard status
- Pending
- Property subtype
- Retail, Hospitality
Listing agency
Acropolis Commercial Advisors LLC
Listed by
Eric Wasserman · License #FL CQ1057427
Source
Crexi
Added: Jul 21 Updated: Jul 22 at 9:43AM Checked: Jul 22 at 9:43AM
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 Acropolis Commercial Advisors LLC
Investment Insights
Based on property information with market context.
This property is subject to a 15-year absolute triple-net ground lease with more than 11.5 years remaining. The lease features 10% increases every five years and provides for zero landlord responsibilities. Texas Roadhouse, Inc. (NASDAQ: TXRH) guarantees the lease. The tenant separately acquired an adjacent 0.71-acre parcel approximately 1.5 years after opening to support additional customer and employee parking, and Texas Roadhouse is currently expanding this location.
The property is located directly off Interstate-71, just south of the Interstate-270 connector, with daily traffic reported in excess of 85,000 vehicles. It is also positioned near Stringtown Road (34,000 VPD) and sits just off Stringtown Road in front of a Courtyard by Marriott (98 rooms) and Drury Inn & Suites (180 rooms). The area includes 13 hotels within a half-mile and retail, hospitality, and residential development.
Nearby anchors and retailers noted in the area include Walmart Supercenter, Home Depot, Target, Kohl’s, Bed Bath & Beyond, Dick’s Sporting Goods, Hobby Lobby, and TJ Maxx, along with AMC 14 and L.A. Fitness, among others. A number of employers and industrial operations are described within a short drive, including Manheim Auction, RR Donnelly, Hokuto USA, and Rexnord.
The property is located directly off Interstate-71, just south of the Interstate-270 connector, with daily traffic reported in excess of 85,000 vehicles. It is also positioned near Stringtown Road (34,000 VPD) and sits just off Stringtown Road in front of a Courtyard by Marriott (98 rooms) and Drury Inn & Suites (180 rooms). The area includes 13 hotels within a half-mile and retail, hospitality, and residential development.
Nearby anchors and retailers noted in the area include Walmart Supercenter, Home Depot, Target, Kohl’s, Bed Bath & Beyond, Dick’s Sporting Goods, Hobby Lobby, and TJ Maxx, along with AMC 14 and L.A. Fitness, among others. A number of employers and industrial operations are described within a short drive, including Manheim Auction, RR Donnelly, Hokuto USA, and Rexnord.
Key Highlights
- 15‑year absolute triple‑net ground lease with 11.5+ years remaining
- Lease includes scheduled 10% increases every five years
- Tenant has no landlord responsibilities under the lease terms
Property Analytics
Location Intelligence
Current Use by Public Records
Texas Roadhouse
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
NNN property - Absolute triple-net ground lease with 11.5+ years remaining, guaranteed by Texas Roadhouse, plus scheduled 10% escalations.
Where is this nnn property located?
The property is located at 4155 Parkway Centre Dr Grove City, OH.
What are key features of this property?
This property features: 15‑year absolute triple‑net ground lease with 11.5+ years remaining; Lease includes scheduled 10% increases every five years; Tenant has no landlord responsibilities under the lease terms
