About This Restaurant
Investment Highlights
Brand New 15-Year Lease | Options To Extend | Scheduled Rental Increases Close Proximity to Walmart Supercenter | Drive-Thru Equipped Absolute NNN | Brand New Construction | Zero Landlord Responsibilities Strong Demographics In 5-Mile Trade Area
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire an absolute NNN ground leased, Brevity Coffee investment property located in San Antonio, Texas. The tenant, Grind Haus Coffee Company LLC, recently signed a brand new 15 year lease with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 1.5% rental increases annually throughout the initial term, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Brevity Coffee Co has opened 7 successful locations throughout the San Antonio MSA.
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Freestanding Freestanding General Retail Fast Food General Retail Restaurant Freestanding
- Building Size 304
- Year Built 2024
- Price 1,516,000
- Price Per SF 4,987
- Cap Rate 6
- NOI 91,000
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.02
- Land Acres 0.38 AC
Amenities
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
Property Taxes
| Parcel Number | 08340-009-0390 | Improvements Assessment | $661,010 |
| Land Assessment | $0 | Total Assessment | $661,010 |
| Date Created: | 2024-07-16 04:23:44 | Last Updated: | 2024-07-16 04:23:44 |
| Address: | 146 St Cloud Rd , San Antonio, Texas, 78228 | ||