Listed by Cushman & Wakefield - Sacramento, California
$1,653,000
Smalls Sliders Ground Lease | San Antonio, TX
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 790
Cap Rate 5.75%
NOI $95,000
Tenancy Single
Brand/Tenant McDonald's, Chick-fil-A
Lease Type Absolute NNN
Lease Term 10.1
Lease Expiration 06/30/2035
Remaining Term 9.1
Rent Bumps Yes
Broker Co-Op Yes
Year Built 2025
Acreage 0.480
Investment Type Net Lease
Lease Commencement 05/31/2025
Ground Lease Yes
Infill Signalized Hard-Corner | 54,045 VPD | New Absolute NNN Ground Lease
Marketing description
New 10-year absolute NNN ground lease with 10% rental increases every five (5) years with 4, 5-year options to extend the lease.
Four (4) extension periods of five (5) years each, providing a strong long-term investment opportunity.
Absolute NNN ground lease requires no landlord management, including all maintenance responsibilities, ideal for both local and out-of-area investors.
Smalls Sliders is experiencing rapid growth, expanding from its initial Louisiana and Mississippi locations to 18 states, including the Southeast and Midwest, with plans to enter Texas, Utah, Colorado, Kentucky, and more.
The operator is a seasoned franchisee with 50+ IHOPS, several Applebee, and is one of a select few chosen for Smalls Sliders expansion in the San Antonio market.
Subject lease backed by all locations under operator’s management along with a very strong personal guaranty (high-net worth operator).
Investment highlights
- Prime Retail Location: High-visibility and easily accessible location at the signalized intersection of Ingram Road and Wurzbach Road, which experiences a combined 54,045 vehicles per day.
- Reliable Tenancy: Smalls Sliders is experiencing rapid growth, expanding from its initial Louisiana and Mississippi locations to 18 states, including the Southeast and Midwest, with plans to enter Utah, Colorado, Kentucky, and more.
- Strong Demographic Base: The five-mile radius serves an affluent and populous region of 341,160, with an average annual household income of $80,642 within five miles.
- Prime Location Near Major Traffic Drivers: Directly across from Ingram Park Mall, a super-regional shopping center featuring more than 150 stores, enhancing the appeal and visibility of the property.
- Zero Management Responsibilities: Absolute NNN ground lease structure transfers maintenance and expense obligations to tenant, including roof, structure, and parking lot.
- Growing Market Dynamics: Projected income increases within 1-, 3-, and 5-mile radii over the next five years poise this Smalls Siders and San Antonio for steady concurrent growth.
Listing Contacts
Listed by Cushman & Wakefield - Sacramento, California
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$95,000.00
$7,916.67/mo
Valuation Metrics
0
DSCR
5.75%
Cap Rate
5.75%
ROI
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