July 2, 2020 – Bob Horvath, Todd Tremblay and Aaron Huntley of Horvath & Tremblay have successfully completed the sale of Texas Roadhouse in Augusta, Maine. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $1,790,000.
Texas Roadhouse is located at 26 Whitten Road in Augusta, ME. Constructed in 2009, the stand-alone building consists of 7,520 square feet and sits on 0.30 acres of land. Texas Roadhouse has 9+ years remaining on a corporately backed, Triple-Net Ground Lease with two, 5-Year Options. The lease features 10% rent increases at the start of both option periods. The site is located at the entrance to the Turnpike Mall Shopping Center and the adjacent Hannaford Supermarket. The property is less than 0.2 miles from the Interstate 95/Route 202 interchange providing convenient highway access for all area residents and passing motorists.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.