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    2920 Oakland Ave Indiana, PA 15701

    For Sale
    $2,913,000

    NNN Leased Fee, Strong Tenant, High ROI

    Property size:
    7,926 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents the chance to acquire the leased fee interest (land ownership) in a brand-new, 7,926 square foot Texas Roadhouse restaurant located in Indiana, Pennsylvania. The property boasts a 15-year absolute NNN lease with four 5-year options, featuring 10% rent bumps every five years, ensuring consistent income growth. The corporate-guaranteed lease provides zero landlord responsibilities, making this an ideal passive investment. Situated on a 2.32-acre lot with 189 parking spaces, the restaurant enjoys excellent visibility on Oakland Avenue (14,000 VPD) and proximity to US Highway 422 (12,000 VPD). The property benefits from a strong retail corridor, including nearby national tenants like Walmart, Lowe's, and Kohl's, and is surrounded by significant residential communities, creating a substantial consumer base. The 2024-built restaurant is zoned C-1 for retail business and commercial use, and the property's location within a dense retail area and near major shopping centers ensures high traffic and visibility. The property offers a 5.15% cap rate and a current NOI of $150,000. The 5-mile trade area boasts over 32,800 residents and 22,200 daytime employees, with an average household income exceeding $83,000. This is a truly exceptional opportunity for a passive investor seeking a stable, high-return investment with significant long-term growth potential. The APN is 42-017-129.16A.

    Property Features for 2920 Oakland Ave

    General Information

    Property type
    Restaurants
    Square Feet
    7,926 SF
    Lot Size
    101,059 SF

    Building Details

    Year Built
    2024

    HighLights

    • $2,913,000 asking price for a 7,926 SF Texas Roadhouse restaurant.
    • Absolute NNN lease with corporate guarantee, offering zero landlord responsibilities.
    • Brand new 15‑year lease with four 5‑year options, including 10% rent increases every 5 years.
    • High‑traffic location on Oakland Ave (14,000 VPD) and near US Highway 422 (12,000 VPD), with excellent visibility and proximity to major shopping centers and residential areas.
    • Strong demographics: 32,800 residents and 22,200 daytime employees within a 5‑mile radius, with an average household income of $83,012.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Indiana
    County
    Indiana
    State
    Pennsylvania
    Longitude
    -79.1917394
    Latitude
    40.6019768

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    FAQs

    What type of property is this?
    Restaurant - NNN Leased Fee, Strong Tenant, High ROI
    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 $2,913,000.
    What are key features of this property?
    This property features: $2,913,000 asking price for a 7,926 SF Texas Roadhouse restaurant.; Absolute NNN lease with corporate guarantee, offering zero landlord responsibilities.; Brand new 15-year lease with four 5-year options, including 10% rent increases every 5 years.
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    2920 Oakland Ave Indiana, PA 15701
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2920 Oakland Ave Indiana, PA 15701
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