Texas Roadhouse - Net Lease Property for Sale
Mattoon, IL
Key Investment Metrics
Price
$2,589,000
Cap Rate
5.3%
Net Operating Income
$138,500
Land Area
2.47 Acres
Remaining Term
15 years
Lease Expiration
11/30/2040
Lease Term
15 years
Lease Commencement
11/17/2025
Lease Type
Absolute NNN
Tenant Credit
Corporate Guarantee
Year Built
2025
Occupancy
100%
Tenancy
Single
Rent Increases
Yes
About This Texas Roadhouse Net Lease Property
This Texas Roadhouse NNN (triple net lease) property is located in Mattoon, IL and represents an excellent investment opportunity for commercial real estate investors. The property features quality square feet of building space and was built in 2025.
With a cap rate of 5.3%, this Texas Roadhouse net lease property offers stable income potential. The asking price is $2,589,000, making it an attractive option for 1031 exchange investors seeking quality Texas Roadhouse commercial properties.
Why Invest in Texas Roadhouse NNN Properties?
- Stable Income: Texas Roadhouse net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Texas Roadhouse is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Mattoon, IL Market Overview
Located in Mattoon, IL, this Texas Roadhouse property benefits from strong local demographics and market fundamentals. The Mattoon area offers excellent visibility and accessibility, making it an ideal location for Texas Roadhouse operations and a solid investment for net lease property buyers.