2920 Oakland AveIndiana, PA 15701

Property Details for 2920 Oakland Ave

Year built

2024

Lot size

2.32 AC

Property size (Sq ft)

7,926 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional investment opportunity presents the chance to acquire the leased fee interest (land ownership) in a brand-new, 7,926 square foot Texas Roadhouse restaurant located in Indiana, Pennsylvania. The property boasts a 15-year absolute NNN lease with four 5-year options, featuring 10% rent bumps every five years, ensuring consistent income growth. The corporate-guaranteed lease provides zero landlord responsibilities, making this an ideal passive investment. Situated on a 2.32-acre lot with 189 parking spaces, the restaurant enjoys excellent visibility on Oakland Avenue (14,000 VPD) and proximity to US Highway 422 (12,000 VPD). The property benefits from a strong retail corridor, including nearby national tenants like Walmart, Lowe's, and Kohl's, and is surrounded by significant residential communities, creating a substantial consumer base. The 2024-built restaurant is zoned C-1 for retail business and commercial use, and the property's location within a dense retail area and near major shopping centers ensures high traffic and visibility. The property offers a 5.15% cap rate and a current NOI of $150,000. The 5-mile trade area boasts over 32,800 residents and 22,200 daytime employees, with an average household income exceeding $83,000. This is a truly exceptional opportunity for a passive investor seeking a stable, high-return investment with significant long-term growth potential. The APN is 42-017-129.16A.

Location Insight

City

Indiana

County

Indiana

State

Pennsylvania

Latitude

40.602

Longitude

-79.1917

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