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Texas Roadhouse, Boynton Beach, FL

Texas Roadhouse

FL, United States

Price $2,450,000
Cap Rate
NOI
Lease Term 15 Years
Lease Type
Rental Increases Increases by 10% every five years through the initial term and option periods.
Year Built 2015
Building Size 7,163 sq. ft.
Lot Size 1.40 Acres (62,352 sq. ft.)
Status Sold
Lead Broker Information Vince Aicale
Executive Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Executive Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

NEW 15-YEAR NNN CORPORATE GROUND LEASE
» 10% Increases Every 5 Years

BRAND NEW 2015 CONSTRUCTION

OUTPARCEL TO BOYNTON BEACH MALL
» 1.1 Million SF of Retail
» Over 135 Specialty Stores and Eateries

CONVENIENT ACCESS TO I-95 (187,500 AADT)

PROMINENT RETAIL CORRIDOR

Click Here to Download Offering Memorandum


Property Description

SOLD

The subject property is situated along Old Boynton Road at the entrance of the Boynton Beach Mall within a highly trafficked retail corridor. Old Boynton Beach Road and the nearest cross street Congress Avenue collectively experience an annual average daily traffic of 57,080 vehicles near the site. Convenient access to Interstate 95 (187,500 AADT) is approximately one mile west of the property along West Boynton Beach Boulevard (40,860 AADT). The property occupies the pad site on the northwest corner of Old Boynton Road and Winchester Park Boulevard across from Dick’s Sporting Goods. Boynton Beach Mall is a 1.1 million square foot enclosed short shopping mall which is anchored by Macy’s, J.C. Penny, Dillard’s, and Sears. There are approximately 135 specialty stores and eateries found in Boynton Beach Mall. Directly south of the subject property is a Walmart Supercenter, with Steak ‘n Shake, Golden Corral, and other local retailers tenanting the pad sites. East of the Walmart Supercenter across Winchester Park Boulevard is a shopping center which features Bed Bath & Beyond, Walgreens, Old Navy, Barnes & Noble, and Party City among others. East of this shopping center across Congress Avenue is Oakwood Square, a 183,073 square foot shopping center anchored by Stein Mart, T.J. Maxx, and Pier 1 Imports. Directly north of Oakwood Square at the northeast corner of Congress Avenue and Old Boynton Road is Boynton Town Center, a 408,152 square foot power center anchored by Super Target, Best Buy, Michaels, and Total Wine & More.

Contact Us About This Property

Mike Form
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