About This Restaurant
Investment Highlights
The tenant is Starbucks Corporation (S&P: BBB+ | NASDAQ: SBUX), an investment-grade tenant and one of the largest QSR operators in the world. Starbucks has previously extended their lease terms early to remain in place for 10 years, rather than the scheduled 5 years at the time. The site is located on West Bitters Rd (?13,000 VPD) directly off the exit of Highway 281 (?70,000 VPD) in a shopping center shadow The site is ranked in the top 79th% nationally and top 75th% in Texas for average number of monthly visitors compared to other Starbucks locations. The site is located within a dense retail corridors, featuring national tenants such as Hobby Lobby, Chipotle, Valvoline Instant Oil Change, The site sits less than 5-miles from the San Antonio International Airport.
Executive Summary
Broker of RecordKyle MatthewsLicense No. 9005919 (TX)(866) 889-0550Matthews Real Estate Investment Services, Inc8300 Douglas Ave.,Ste. 750, Dallas, TX 75225
Property Details
- Sale Type Investment
- Property Type Retail
- Property Subtype Freestanding Freestanding General Retail Fast Food General Retail Restaurant Freestanding
- Building Size 2,869
- Building Class B
- Year Built 1990
- Price 2,178,050
- Price Per SF 759
- Cap Rate 6
- NOI 130,683
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.11
- Land Acres 0.60 AC
Amenities
- Bus Line
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
- Drive Thru
Nearby Amenities & Transportation
Retail | Wingstop | ||
Retail | EZ's Brick Oven & Grill | ||
Retail | Orangetheory Fitness | ||
Retail | Starbucks | ||
Retail | Denny's | ||
Retail | Comerica | ||
Retail | CAVA | ||
Retail | Olive Garden Italian Rstrnt | ||
Retail | Jenny Craig | ||
Retail | Tapout Fitness |
Property Taxes
Parcel Number | 12059-000-0420 | Improvements Assessment | $497,890 |
Land Assessment | $725,430 | Total Assessment | $1,223,320 |
Date Created: | 2024-07-16 04:23:44 | Last Updated: | 2024-07-16 04:23:44 |
Address: | 210 W Bitters Rd , San Antonio, Texas, 78216 |