Leased Texas Roadhouse
For Sale
Contact for pricing
841 E Rand Rd, Mt Prospect, IL 60056
Absolute NNN ground-leased Texas Roadhouse, opened January 2020, with corporate guarantee and 15-year term plus extension options.
Property SizeContact for details
Days on Market121
Property Features for 841 E Rand Rd
General Information
Standard status
Active
Property subtype
Retail
Site & Location
Traffic Count
24,400 vehicles/day
Highway Access
Yes
Building Details
Year Built
2020
Tenancy
Single
Listing Agency:
SRS Real Estate Partners Newport Beach
(480) 221-4221
Listed By:
Matthew Mousavi · License #CA 01732226
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 23 at 10:17AM
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 Newport Beach
Investment Insights
Based on property information with market context.
SRS National Net Lease Group is pleased to offer the leased fee interest (land ownership) in an absolute NNN, ground-leased Texas Roadhouse investment property. The lease is corporate guaranteed and structured as a brand new 15-year agreement with three (5-year) options to extend, reflecting the tenant’s commitment to the site. Rental increases are built in at 10% every five years throughout both the initial term and option periods.
The building opened in January 2020 and was developed with modern design and amenities. The ground lease is described as absolute NNN with zero landlord responsibilities.
The property is positioned along E. Rand Road/US Route 12, reported at 24,400 VPD, and is directly across from Mount Prospect Plaza, a community shopping center anchored by a 24-hour Walmart Supercenter. Additional nearby national tenants listed include Costco, Ross Dress for Less, TJ Maxx, Menards, ALDI, Marshalls, LA Fitness, Walgreens, and Dollar Tree.
The building opened in January 2020 and was developed with modern design and amenities. The ground lease is described as absolute NNN with zero landlord responsibilities.
The property is positioned along E. Rand Road/US Route 12, reported at 24,400 VPD, and is directly across from Mount Prospect Plaza, a community shopping center anchored by a 24-hour Walmart Supercenter. Additional nearby national tenants listed include Costco, Ross Dress for Less, TJ Maxx, Menards, ALDI, Marshalls, LA Fitness, Walgreens, and Dollar Tree.
Key Highlights
- Absolute NNN ground‑leased Texas Roadhouse investment with corporate guarantee
- 15‑year lease term with three (3) 5‑year extension options; tenant Texas Roadhouse Inc. recently signed
- Newly constructed building opened January 2020
Property Analytics
Current Use
Lease Details
24,400 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
902
Businesses Nearby
227k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 49%
Home Improvements & Furnishings 24%
Dining 22%
Shops & Services 4%
Walmart
Superstores
110,749 visits/mo
0.4 miles
Menards
Home Improvements & Furnishings
53,779 visits/mo
0.2 miles
Texas Roadhouse
Dining
30,063 visits/mo
0.4 miles
Andy's Frozen Custard
Dining
11,893 visits/mo
0.4 miles
Buona
Dining
8,432 visits/mo
0.4 miles
Demographics for 60056, IL
57,177
Population
23,202
Households
2.5
Avg Household Size
41
Median Age
49%
College-Educated
92%
High-School Grad
10.9 sq mi
ZIP Area
5,246
Density / Sq Mi
$104,168
Median Household Income
$54,158
Median Earnings
$1,456
Median Rent
$376,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
NNN property - Absolute NNN ground-leased Texas Roadhouse, opened January 2020, with corporate guarantee and 15-year term plus extension options.
Where is this nnn property located?
The property is located at 841 E Rand Rd Mt Prospect, IL.
What are key features of this property?
This property features: Absolute NNN ground‑leased Texas Roadhouse investment with corporate guarantee; 15‑year lease term with three (3) 5‑year extension options; tenant Texas Roadhouse Inc. recently signed; Newly constructed building opened January 2020
