4500 Medford Dr Lufkin, TX 75901
- Retail properties
- 7,570 SF
- 0.33 lot acres
Current Use by Public Records
- Texas Roadhouse / Steak House / American Restaurant
Property Details for 4500 Medford Dr
- Year built
- 2021
- Lot size
- 0.33 lot acres
- Property size
- 7,570 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a fee simple interest in a 7,570 square foot Texas Roadhouse restaurant located at 4500 S Medford Dr, Lufkin, TX 75901. The property boasts a strong 100% occupancy rate under an absolute NNN ground lease with a corporate guarantee from Texas Roadhouse, offering a hands-off ownership experience. The lease features a remaining term of approximately 11.8 years, extending to August 31, 2036, with attractive 10% rent bumps every five years and three, five-year renewal options. The property sits on a 0.33-acre lot and was built in 2021. The annual net operating income (NOI) is $115,000, representing a 5.00% cap rate and a price per square foot of $303.83. The asking price for this single-tenant, single-story building is $2,300,000. This prime retail location benefits from high visibility on South Medford Drive, a major thoroughfare with over 50,000 vehicles per day, and is situated near numerous national retailers, including Target, Home Depot, and Lowe's, further solidifying its position in a thriving retail corridor. The Lufkin Texas Roadhouse is the only location within a 50-mile radius. Texas Roadhouse, Inc. reported strong year-over-year revenue growth in Q1 2024, demonstrating the financial strength and stability of the tenant. This investment offers a compelling combination of long-term lease security, substantial rental increases, and a prime location in a high-traffic area.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lufkin
- County
- Angelina
- State
- Texas
- Longitude
- -94.7227
- Latitude
- 31.312
