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Bubba's 33 10435 Southpointe Blvd

7,575 SF Retail Building Louisville, KY 40291 $4,878,016 CAD ($643.96 CAD/SF) 5% Cap Rate

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INVESTMENT HIGHLIGHTS

Brand New 15-Year Lease | Scheduled Rental Increases | Options to Extend | New Construction | Parent Company: Texas Roadhouse
Bardstown Rd (46,700 VPD) | Excellent Visibility | Outparcel to Hy-Vee | Strong National/Credit Tenant Presence

Absolute NNN Lease | Leased Fee Ownership | Zero Landlord Responsibilities
Direct, Affluent Consumer Base | Strong Demographics

EXECUTIVE SUMMARY

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN leased, Bubba’s 33 investment property located in Louisville, Kentucky. The tenant recently signed a brand new 15 year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is signed by parent company: Texas Roadhouse, Inc., (NASDAQ: TXRH) and is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor.