About This Restaurant
Investment Highlights
New 20-year corporate absolute NNN ground lease to Salad and Go Salad and Go has rapidly expanded to 135+ locations by end of year 2023, with a steady pipeline under entitlement/development Surrounded by high-density single-family housing developments ? population of 200,938 within five miles of the property, 10% rental increases every five years in initial term and option periods. New high-quality 2024 construction featuring dedicated dual lane drive-thru for added customer convenience Texas has no state income tax, estate tax, or inheritance tax
Executive Summary
Current five-mile population of 200,938 residents (expected to grow 20+% by 2028)Average household income of $127,766 within one mile (projected to grow more than 11% over the next five years)Prominent location on the four-way signalized intersection of Reid Ranch Road and Potranco Road, with visibility and access to a combined 34,614 vehicles per dayLocated within a brand-new retail development which includes a new McDonald?s, BlackRock Coffee, Tommy?s Express Car Wash, Dollar Tree, and many othersImmediately surrounded by multiple newly constructed residential subdivision developments with over 30,000 new lots in the immediate vicinityProximity to other retail developments with tenants such as Costco Wholesale, Walmart, TJ Maxx, PetSmart, Kohl?s, H-E-B, and many othersWalking distance to Gregory Luna Middle School (1,400 students)Gateway to San Antonio (1.41 million residents), the second largest city in Texas and part of San Antonio MSA, home to 2.6 million people and experiencing robust growthClose proximity to Lackland Air Force Base (population 46,577)Surrounded by high-density single-family housing developments ? population of 200,938 within five miles of the property, which is expected to grow by more than 40% over the next five yearsMinutes from Northwest Vista College (16,293 students) - Limited on-campus dining options: students rely heavily on off-campus restaurants and cafes
Property Details
- Sale Type Investment
- Sale Condition 1031 Exchange
- Property Type Retail
- Property Subtype Fast Food Fast Food General Retail Freestanding General Retail Restaurant Fast Food
- Building Size 556
- Building Class B
- Year Built 2024
- Price 2,000,000
- Price Per SF 3,597
- Cap Rate 6
- NOI 120,000
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.02
- Land Acres 0.68 AC
Amenities
- Drive Thru
Date Created: | 2024-07-16 04:23:41 | Last Updated: | 2024-07-16 04:23:41 |
Address: | SEC Potranco Rd , San Antonio, Texas, 78245 |