Texas Roadhouse Avondale

Texas Roadhouse

Address

13101 NW Hwy 287
Avondale, TX 76179

Investment Overview

The Texas Roadhouse (the “Property”) is a 7,926 sf retail property located at 13101 NW Highway 287 in Avondale, TX. The project is expected to be completed by July 2025. This ground lease opportunity consists of a 7,926 sf Texas Roadhouse situated on 2.15 acres. The tenant, Texas Roadhouse, will sign a 15-year ground lease upon the close of escrow. During the initial term of the lease, as well as during the three 5-year option periods, there are contractual base rental increases of 10% every 5 years.

Investment Highlights

High-Growth DFW Submarket: Located in Avondale/Haslet, TX along Highway 287, the property benefits from a 46% population increase within a 5-mile radius over the past five years, with an additional 34% projected growth by 2029.

Robust Residential Pipeline: Thousands of single-family homes are under construction in nearby master-planned communities, with a 200-unit multifamily development planned directly adjacent to the site.

Expanding Retail Corridor: More than a dozen QSRs and national retailers have recently been developed along Highway 287 and Avondale-Haslet Road, establishing a vibrant commercial corridor.

Strong Demographics: Average household income within a 3-mile radius is $136,000, projected to increase to $163,000 by 2029, indicating rising affluence in the trade area.

High Traffic Counts: Over 47,000 vehicles per day travel along Highway 287, providing exceptional visibility and accessibility for the property.

Absolute NNN Lease: Texas Roadhouse operates under a true triple-net lease, offering passive income with zero landlord responsibilities.

Creditworthy Tenant: Backed by a nationally recognized restaurant brand with strong performance metrics and continued expansion across growth markets.