4500 Medford DrLufkin, TX 75901

Property Details for 4500 Medford Dr

Year built

2021

Lot size

0.33 AC

Property size (Sq ft)

7,570 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a fee simple interest in a 7,570 square foot Texas Roadhouse restaurant located at 4500 S Medford Dr, Lufkin, TX 75901. The property boasts a strong 100% occupancy rate under an absolute NNN ground lease with a corporate guarantee from Texas Roadhouse, offering a hands-off ownership experience. The lease features a remaining term of approximately 11.8 years, extending to August 31, 2036, with attractive 10% rent bumps every five years and three, five-year renewal options. The property sits on a 0.33-acre lot and was built in 2021. The annual net operating income (NOI) is $115,000, representing a 5.00% cap rate and a price per square foot of $303.83. The asking price for this single-tenant, single-story building is $2,300,000. This prime retail location benefits from high visibility on South Medford Drive, a major thoroughfare with over 50,000 vehicles per day, and is situated near numerous national retailers, including Target, Home Depot, and Lowe's, further solidifying its position in a thriving retail corridor. The Lufkin Texas Roadhouse is the only location within a 50-mile radius. Texas Roadhouse, Inc. reported strong year-over-year revenue growth in Q1 2024, demonstrating the financial strength and stability of the tenant. This investment offers a compelling combination of long-term lease security, substantial rental increases, and a prime location in a high-traffic area.

Location Insight

City

Lufkin

County

Angelina

State

Texas

Latitude

31.312

Longitude

-94.7227

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