2920 Oakland Ave Indiana, PA 15701
- Retail properties
- 7,926 SF
- 2.32 lot acres
Current Use by Public Records
- Retail properties
Property Details for 2920 Oakland Ave
- Year built
- 2024
- Lot size
- 2.32 lot acres
- Property size
- 7,926 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
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.
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
- Indiana
- County
- Indiana
- State
- Pennsylvania
- Longitude
- -79.1917
- Latitude
- 40.602
