Subway 1524 N Tx-46 Hwy

Investment Highlights

#1 Subway out of 8 in the Area and in the Top 8% in the Nation(Placer.AI). This Ranking is a Testament to the Stability andSuccess Achieved by Tenant. 23,000 +/- Vehicles Per Day. Surrounded by Established Names such as La Quinta, Super 8, Whataburger, McDonald?s, Burger King, Chicken Express and many more New Retail Development NNN Lease (Triple Net) with Four Years Left on Primary Term. Tenant is an Experienced Operator with over 35 Locations Across Southern Texas. Seguin?s Economic Foundation Lies in Manufacturing, with Numerous Manufacturers and FORTUNE 500 Companies Establishing Significant Operations.

Executive Summary

Marcus and Millichap is pleased to introduce an investment opportunity: a single-tenant net-leased Subway situated at 1524 TX 46, Seguin, Texas, with an impressive daily traffic count of approximately 23,000 vehicles. The lease structure is a triple-net lease (NNN) with a remaining primary term of four years. The tenant holds four additional five-year options, each accompanied by ten percent rental increases. Notably, the tenant is a seasoned operator with a portfolio spanning over 35 locations across southern Texas.Strategically positioned across TX-46, the property benefits from high visibility and proximity to Texas Lutheran University, boasting an enrollment of approximately 1,330 students. This area is experiencing growth with daily arrivals of new retailers, and it is surrounded by established names such as La Quinta, Super 8, Whataburger, McDonald?s, Burger King, and Chicken Express. The Subway location witnesses a substantial daily traffic flow of approximately 23,000 vehicles, enhancing its appeal as an investment prospect.Seguin, a submarket within the San Antonio Metropolitan Statistical Area (MSA), is conveniently located 30 minutes from San Antonio and 60 minutes from Austin. The city?s economic foundation lies in manufacturing, with numerous manufacturers and FORTUNE 500 companies establishing significant operations within Seguin. Since 2019, over 580 new jobs and more than $188 million in new capital investments have been announced, underscoring the city?s economic vitality.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Fast Food
• Building Size    2,259
• Building Class    B
• Year Built    2012
• Price    1,209,600
• Price Per SF    535
• Cap Rate    6.25
• NOI    75,600
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.04
• Land Acres    1.34 AC

• Freeway Visibility
• Pylon Sign
• Signage
• Drive Thru