|Last Updated Date||25 Mar 2020|
Texas Roadhouse is operating on a 0.96-acre outparcel to the Fort Steuben Mall. The property is situated off of Route 43/Sunset Boulevard, which is a main retail corridor in the area that boasts over 24,150 VPD. In addition to the other nationally-recognized outparcel tenants (Aspen Dental and WesBanco) that are situated adjacent to the Property, there is a 24-Hour Walmart supercenter located just behind the Property, further driving consumers to the area.
JLL is pleased to exclusively offer the opportunity to acquire the fee simple interest in a single tenant property corporately leased to Texas Roadhouse (the “Property”) in Steubenville, OH. The Tenant has been operating at this location since 2013 and recently executed a long-term, 10-year lease extension, showing commitment to this location. There are now 13 years remaining on the NNN ground lease with attractive, 5% rental increases throughout the remainder of the primary term. These 5% rental increases will also continue in the two (2), five (5) year option periods that remain.