512 Zanderson Ave
Retail | 7.15% CAP | 1,890 SqFt
Marketing description
Beale Properties is pleased to present a Subway located just south of San Antonio at 512 Zanderson Ave, Jourdanton, TX. Located approximately thirty-seven miles south of downtown San Antonio, this Subway property is located on the highly trafficked State Highway 16, one-block away from Jourdanton High School which sees over 10,000 visitors per day.
The property is operated by an experienced Subway franchisee who successfully owns and operates over 35 Subway locations. Subway has nearly 20,576 franchise locations nationwide.
The Franchisee is in the third year of a NNN, five-year lease. There are four five-year renewal options with 10% increases at each term.
The property is available for purchase at $520,000, which translates to an immediate 7.15 percent cap rate return.
Investment highlights
- The property is operated by an experienced Subway franchisee who successfully owns and operates over 35 Subway locations.
- The Franchisee is in the third year of a NNN, five-year lease. There are four five-year renewal options with 10% increases at each term.
- One-block away from Jourdanton High School which sees over 10,000 VPD.
- The property is available for purchase at $520,000. Which translates to an immediate 7.15 percent cap rate return.
- Located approximately thirty-seven miles south of downtown San Antonio and is located on State Highway 16.
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