Location
Texas Roadhouse is strategically located along S McKenzie St with clear visibility and access to an average of 41,900 vehicles passing by daily. The asset benefits from direct access onto several major highways in addition to Foley Beach Express (26,600 VPD), making this an ideal and centralized location with easy commutes for both employees and customers. The asset is located less than a mile south of Tanger Outlets Foley, a 516,000 square foot T.J. Maxx and Michael’s anchored outlet center. In addition, Texas Roadhouse is also just down the road from Foley Riviera Square, a 163,000 square foot center anchored by Publix, Marshalls, HomeGoods, and Academy Sports. The surrounding national/credit tenants include Walmart Supercenter, The Home Depot, Lowe’s Home Improvement, Dollar General, among many others.
The strong tenant synergy further increases consumer draw to the area and supports the local economy. Furthermore, the property is near numerous single-family communities and multi-family complexes including Park Place at Foley Apartments (144 units), Alison Pointe (256 units), and many others, providing a direct residential consumer base. The 5-mile trade area is supported by over 40,100 residents and 16,000 daytime employees. Residents within five miles of the subject have an average household income of $72,327.