Texas Roadhouse
Absolute NNN Ground Lease

500 E. Llano Estacado
Clovis, NM

Offering Price: $2,708,333

CAP Rate: 4.8

NOI: $130,000

Guaranty: Corporate

Building Size (SF): 7,831 SF

Land Size (Acres): 2.06 AC

Year Built: 2023

Zoning: Commercial

OPPORTUNITY OVERVIEW:

Absolute NNN Ground Lease with No Landlord Responsibilities
Corporate Guarantee by Texas Roadhouse, Inc.
Outparcel to Walmart Super Center
Located within the Densest Retail Corridor in Clovis with a Strong Mix of National Tenants

Texas Roadhouse, Inc. is a growing restaurant company operating predominantly in the casual dining segment. The founder, W. Kent Taylor, started the business in 1993 with the opening of the first Texas Roadhouse in Clarksville, Indiana. Since then, the Company has grown to three concepts. As of March 29, 2022, the Company and its franchisees operate 672 restaurants system-wide in 49 states and 10 foreign countries, including 632 Texas Roadhouse restaurants, 36 Bubba’s 33 restaurants, and four Jaggers restaurants.