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27816666
27816667

1118 Roosevelt Ave, San Antonio, TX 78210 For Sale

PL
CA 01912215, NV S.0169792 (+1)
SRS Real Estate Partners Newport Beach
MM
CA 01732226
SRS Real Estate Partners Newport Beach
PN
FL BK3120739, NC No. 281618
SRS Real Estate Partners Tampa
Listed by SRS Real Estate Partners Newport Beach, SRS Real Estate Partners Tampa
$2,499,000
268 days on market
Updated 89 days ago

Whataburger | San Antonio (Roosevelt), TX

Details
APN 02977-002-1290
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,522
Cap Rate 5.04%
NOI $126,004
Occupancy 100%
Tenancy Single
Brand/Tenant Taco Bell, Burger King (+2)
Lease Type Absolute NNN
Lease Term 16
Lease Expiration 08/31/2035
Remaining Term 9.1
Rent Bumps Yes
Lease Options 3 (5-Year)
Broker Co-Op Yes
Year Built 1985
Buildings 1
Stories 1
Acreage 0.670
Zoning C-2
Parking Spaces 40 spaces
Parking per 1,000 SqFt 15.86
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 09/01/2019
Ground Lease No
Ownership Fee Simple (Land & Building Ownership)
Sale Condition 1031 exchange

1 - Mile From I-10 (151,300 VPD) and Interstate 37 (122,700 VPD)

Marketing description

Introducing a lucrative investment opportunity at 1118 Roosevelt Avenue, San Antonio, Texas 78210. This single-tenant Absolute NNN property boasts over 9 years remaining on the lease, with options to extend and scheduled rental increases. The tenant, Corporate (Whataburger Restaurants, LLC), ensures stable income with a 4.85% cap rate and a net operating income of $126,004. Strategically located near major thoroughfares with a high daily traffic count of 274,000, this property is only a 10-minute drive from downtown San Antonio and is surrounded by a large student population from Burbank High School and Brackenridge High School. With a strong demographic profile including over 311,908 residents and 183,000 employees within a 5-mile trade area, this investment opportunity presents a promising prospect for passive investors looking for a secure asset with growth potential.

Investment highlights

  • Over 9 Years Remaining | Options To Extend | Scheduled Rental Increases

  • Absolute NNN | Fee Simple Ownership

  • Proximity To Major Thoroughfares (274,000 VPD) | Downtown San Antonio | Large Student Population

  • Strong Demographics In 5-Mile Trade Area

Listing Contacts

PL
CA 01912215, NV S.0169792 (+1)
SRS Real Estate Partners Newport Beach
MM
CA 01732226
SRS Real Estate Partners Newport Beach
PN
FL BK3120739, NC No. 281618
SRS Real Estate Partners Tampa
Listed by SRS Real Estate Partners Newport Beach, SRS Real Estate Partners Tampa

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$126,004.00
$10,500.33/mo

Valuation Metrics

0
DSCR
5.04%
Cap Rate
5.04%
ROI

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Additional Information

Name
Ryan Johnson
License
TX License No. 525292
Brokerage
SRS Real Estate Partners-Southwest, LLC
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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