2920 Oakland Ave Indiana, PA 15701

This newly built Texas Roadhouse investment property is located in Indiana, PA. The tenant, Texas Roadhouse, Inc., will sign a new 15-year lease with 4 (5-year) options. The lease features 10% rental increases every 5 years throughout the initial term and option periods. The lease is corporate guaranteed. The building, which will open on November 11th, 2024, will feature a state-of-the-art design using high quality materials. The property is located along Oakland Ave, which averages 14,000 vehicles passing by daily, and has visibility and access to U.S. Highway 422 (12,000 VPD). The property is situated within a retail corridor with nearby national tenants including Walmart Supercenter, Lowe’s Home Improvement, Kohl’s, ALDI, and Giant Eagle. Texas Roadhouse is located near shopping centers including Southtown Plaza (272,000 SF), Indiana Mall (457,000 SF), and Town Fair Plaza (230,000 SF). The property is near single-family communities and multi-family complexes including Traverse Commons (224 units), The Commons on Pratt (134 units), and Orchard Hill Apartments (156 units). The 5-mile trade area is supported by over 32,800 residents and 22,200 daytime employees. Residents within 5 miles of the site have an average household income of $83,012. The property size is 7,926 square feet.