About This Restaurant
Investment Highlights
20-year absolute NNN lease with 1.25% annual rental increases beginning after year three (3) Texas is an income tax-free state, making this property ideal for out-of-state investors High-visibility and easily accessible location on Bandera Road, with access to 57,000 vehicles per day directly in front of the site New 2024 high-quality construction with drive-thru for added customer convenience Fresh Dining Concepts, LLC operates 215 stores in 21 different states, having topped $200 million in sales as of 2024 Prime location just off the major signalized intersection of Bandera Road & Huebner Road, combining for 73,840 vehicles per day
Executive Summary
This single-tenant property is a high-visibility and easily accessible location on Bandera Road, with access to 57,000 vehicles per day directly in front of the siteThe site is a prime location just off the major signalized intersection of Bandera Road & Huebner Road, combining for 73,840 vehicles per dayThe property resides across the street from a Hobby Lobby-anchored shopping center, driving traffic into the area and positioning the site to capture significant crossover buyer activityThe location benefits from being surrounded by major national brand tenants including Walmart Supercenter, Whataburger, Raising Cane?s, Circle K, Arby?s, Dairy Queen, QuikTrip, Panda Express, Taco Bell, and many othersJamba & Auntie Anne?s is centrally located near several San Antonio schools, community hubs and major employers, including John Marshall High School (2,613 students), Stevenson Middle School (1,106 students), John B. Connally Middle School (800 students), Leon Valley Elementary School (539 students), Rita Kay Driggers Elementary School (463 students), Leon Valley Business Park, Old Mill Park, Raymond Rimkus Park, and many othersThe site is 11 miles from San Antonio International Airport, the sixth busiest airport in Texas, averaging 260 daily departures and arrivals at its 27 gates349,939 residents live within five miles of the site, establishing a large and stable customer base for the property
Property Details
- Sale Type Investment NNN
- Sale Condition 1031 Exchange
- Property Type Retail
- Property Subtype Fast Food Fast Food General Retail Restaurant General Retail Storefront Fast Food
- Building Size 1,129
- Building Class B
- Year Built 2024
- Price 2,873,000
- Price Per SF 2,545
- Cap Rate 5.50
- NOI 158,000
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.11
- Land Acres 0.23 AC
Date Created: | 2024-07-16 04:23:39 | Last Updated: | 2024-07-16 04:23:39 |
Address: | 7003 Bandera Rd , San Antonio, Texas, 78238 |