Texas Roadhouse for Sale in Odessa, FL
Odessa, FL
Key Investment Metrics
Price
$4,105,000
Cap Rate
4.8%
Net Operating Income
$195,000
Building Size
7935 SF
Land Area
3.03 Acres
Remaining Term
13.7 years
Lease Expiration
05/31/2040
Lease Term
15 years
Lease Commencement
03/16/2025
Lease Type
Absolute NNN
Tenant Credit
Corporate Guarantee
Year Built
2025
Occupancy
100%
Tenancy
Single
Rent Increases
10% Every 5 Years
Property overview
Texas Roadhouse in Odessa
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 7,935 SF
- Land area
- 3.03 acres
- Year built
- 2025
- Lease type
- Absolute NNN
- Lease expiration
- 05/31/2040
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.