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Texas Roadhouse 8650 Duncan Ave

7,372 SF Retail Building Pittsburgh, PA 15237 $3,303,030 CAD ($448 CAD/SF) 5% Cap Rate

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Investment Highlights

Approximately 12-Years Remaining | Scheduled Rental Increases | Corporate Guaranteed | Well-Known & Established Tenant
Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes
McKnight Rd (45,400 VPD) | Interstate 279 (70,800 VPD) | Centralized Location | Excellent Visibility

Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
Dense Retail Corridor | Strong National/Credit Tenant Presence | Positioned Near Three Major Shopping Centers

Executive Summary

SRS Real Estate Partners-Northeast, LLC is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN leased, Texas Roadhouse investment property located in Pittsburgh, PA. The tenant, Texas Roadhouse Holdings, LLC has approximately 12 years remaining on the 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 corporate guaranteed (NASDAQ: TXRH), and is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. With over a 100% increase in stock price throughout the last 5 years, Texas Roadhouse continues to see immaculate growth, as the chain was ranked one of the most popular restaurants during the COVID-19 pandemic.