Texas Roadhouse NNN Properties for Sale (1 Listing)
1 active listing · Updated October 19, 2026
Texas Roadhouse, Inc. trades on Nasdaq as TXRH and operates most of its U.S. steakhouses itself. That company-operated model is why the leases are underwritten closer to other public dinner-house credits than to franchised family dining. A franchise exception is a different deal and has to be labeled as one.
A long-term Texas Roadhouse company lease has been marked by buyers near five percent and occasionally out to six. Quick Facts is the Texas Roadhouse mark, not a certified average. The sitewide list is properties for sale.
Quick Facts
- Typical cap range
- 5.00–6.00%
- Lease type
- NNN — confirm roof and structure; ground leases exist
- Typical term
- Often 15 yr or longer on company deals
- Credit
- Public — Texas Roadhouse, Inc. (NASDAQ: TXRH)
- Guarantee
- Company affiliate on company restaurants — confirm; a minority are franchised
Texas Roadhouse Listings
Listing information is deemed reliable but not guaranteed — pricing, cap rates, and lease terms are subject to change, prior sale, or withdrawal without notice.
Get off-market Texas Roadhouse deals
Lease form
Expect a long primary term on restaurants the company developed, with the tenant taking the operating expenses and, on many deals, the building repairs. Ground leases show up too. Confirm which one you are buying before you quote a price per foot. Rent versus restaurant sales is the coverage test. Steakhouse food costs move around. A rent that only works at peak weekly sales is a renewal problem wearing a good cap rate.
Public company, one concept
Unlike a conglomerate that can close one banner and feed another, Texas Roadhouse's equity story is concentrated in this dining room and a smaller sibling concept. Read the latest company filing for development plans and for any comment on closures. Closures have been rare relative to many casual-dining peers, which is the reputation, and rare is not never. Your lease's go-dark and continuous-operation language still matters.
Side-by-side restaurants
LongHorn Steakhouse is the Darden comparison. Chipotle is the smaller corporate restaurant box. Burger King is the franchise drive-thru if you want more replacement tenants and a wider cap. The restaurant category page is QSR NNN properties. Texas Roadhouse should be priced with dinner-house corporate paper first.
Oklahoma and the states we publish
The chain is national, including Oklahoma. This site has no Oklahoma state page, so a Muskogee restaurant still belongs on this tenant page and will not have a state-hub link. Texas, Florida, Tennessee, Ohio, and Georgia are published markets where the brand operates and where buyers browse. Count firm years with the lease expiry calculator. A primary term "up to" a round number of years is not the same as years remaining.
Texas Roadhouse NNN FAQs
Is Texas Roadhouse mostly company-operated?
Yes. Texas Roadhouse, Inc., Nasdaq TXRH, operates the large majority of its steakhouses and franchises a minority, including some international sites. A U.S. offering is usually company paper, which is the credit people are trying to buy. Confirm it. A franchise steakhouse with the same peanuts-on-the-floor reputation is a different guarantor and should not share the cap rate.
How is this different from a LongHorn lease?
Both are public, company-operated steakhouse brands. Darden is the multi-brand parent of LongHorn. Texas Roadhouse is a steakhouse-focused public company with its own margins, its own development pace, and its own lease form. Compare term, roof duty, and rent versus sales. Do not stop at 'both serve steak.'
What cap rates are commonly reported?
Texas Roadhouse company leases with a long remainder are the steakhouse bid buyers actually want. Shorter Texas Roadhouse paper, or a shell the landlord still maintains, widens the bid. Steakhouse buyers have been marking TXRH near five percent and occasionally out to six. Quick Facts is the TXRH mark, not a verified set of closings.
What is awkward about the building?
Size. A Texas Roadhouse is a large freestanding dining room with a kitchen, a bar, and a parking lot built for dinner peaks. Another casual-dining brand can use it. A splinter retail plan is a remodel. The company's willingness to stay is the investment. The building is the backup, and the backup is slower than a drive-thru pad.
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