Texas Roadhouse

Lowest
Cap Rate

4.85%

Lowest cap rate over past 24 months

Average
Cap Rate

5.85%

12 mo avg with 5+ yr lease term

Overview

Texas Roadhouse locations typically range from 6,500 to 8,000 square feet on 1.5 to 2.0-acre sites in suburban retail corridors or near major highways. Most leases are corporate-guaranteed, structured as 15 to 20-year absolute NNN leases, with 10% rent increases every 5 years and multiple renewal options. The properties are purpose-built with high interior buildout costs, dedicated parking, and high-volume dine-in capacity.

Average Property & Lease

Average Sale Price	$4,500,000 - $6,000,000
Average NOI	$250,000 – $350,000
Building SF	6,500
Lease Term	15 Years
Escalations	10% Every 5 Years
Stock Symbol	NASDAQ:TXRH

CREDIT RATING

S&P	BBB
Moody's	Baa3

TENANT DESCRIPTION

Texas Roadhouse was founded in 1993 in Clarksville, Indiana, by Kent Taylor with a vision to offer hand-cut steaks, made-from-scratch sides, and a lively Texas-themed atmosphere at an affordable price. The brand grew rapidly and became known for its energetic staff, large portions, and legendary bread rolls. Texas Roadhouse went public in 2004 and remains one of the most successful full-service restaurant chains in the U.S., with strong customer loyalty and consistent growth

Founded	1993
Headquarters	Louisville, KY, U.S.
Number of Locations	700
Revenue	$4.3 B
Company Website	https://www.texasroadhouse.com
Key Principal	Jerry Morgan

Texas Roadhouse

Lowest Cap Rate

4.85%

Average Cap Rate

5.85%

Overview

Average Property & Lease

CREDIT RATING

S&P

BBB

Moody's

Baa3

TENANT DESCRIPTION

PROS

CONS

COMPANY QUICK STATS

Lowest
Cap Rate

Average
Cap Rate