210 W Bitters Rd

210 W Bitters Rd , San Antonio, Texas, 78216 | 2,869 sq.f | $ 2,178,050

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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