Chicago, IL – Syndicated Equities Investment Sales Group announced the successful closing of a single-tenant Texas Roadhouse ground lease. The transaction was structured as a sale-leaseback and featured a brand-new 15-year absolute NNN, corporately guaranteed ground lease with Texas Roadhouse, Inc. (NASDAQ: TXRH), providing the Buyer with passive land ownership and zero landlord responsibilities.

Josh York of Syndicated Equities represented the Buyer, a private family office seeking a long-term, passive ground lease investment backed by a nationally recognized, investment-grade-caliber operator. The Seller was represented by Morgan Zant and Sarah Shanks of SRS Real Estate Partners’ National Net Lease Group.

The 1.99-acre parcel was improved with a newly constructed 9,309-square-foot restaurant and represents a strategic relocation for Texas Roadhouse from an existing nearby store to accommodate a larger building footprint and materially expanded parking field, improving long-term operational capacity. Notably, the former location ranked in the top 1% nationally out of more than 145,000 restaurant locations tracked by Placer.ai for total visits during the 12 months prior to closing.

Founded in 1993, Texas Roadhouse has evolved into one of the highest-performing operators in the casual dining sector. In fiscal 2024, the company generated approximately $5.34 billion in total revenue, and average unit volumes exceeded $8 million, reflecting sustained same-store sales performance and industry-leading per-restaurant productivity.

The transaction marks the 13th single-tenant asset that Syndicated Equities has brokered in Ohio. To date, the firm has brokered more than $43 million worth of single-tenant net lease assets across the state, representing assets leased to nationally recognized tenants such as Texas Roadhouse, Walgreens, CVS Pharmacy, Tim Hortons, and others.