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29222765
29222766

2638 SE Military Dr, San Antonio, TX 78235

EC
CA 01382996, TX 635820
InvestCore Commercial, Inc.
Listed by InvestCore Commercial, Inc.
$3,105,000
113 days on market
Updated 113 days ago

Corp Bubba's 33 (TX Roadhouse Inc) | New Construction

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant (+1)
Square Footage 9,352
Net Rentable (SqFt) 9,352
Units 1
Cap Rate 5.15%
NOI $160,000
Occupancy 100%
Tenancy Single
Brand/Tenant Texas Roadhouse
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 07/31/2038
Remaining Term 12.2
Rent Bumps Yes
Lease Options Three 5-Year Options
Pro-Forma Cap Rate 5.15%
Pro-Forma NOI $160,000
Price per SqFt $332
Broker Co-Op Yes
Class A
Year Built 2023
Year Renovated 2023
Buildings 1
Stories 1
Lot Size (SqFt) 94,656
Zoning Commercial
Parking Spaces 156 spaces
Parking Per SqFt 16.68
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 07/29/2023
Occupancy Date 07/29/2023
Ground Lease No
Ownership Fee Simple GL
Sale Condition 1031 exchange

"A" Location With High Traffic | Publicly Traded Guarantor | Strong Demos

Marketing description

CORPORATELY GUARANTEED LEASE

· Texas Roadhouse had an impressive AUV of $8MM+ in FY2024 with a reported 8.5% increase in same stores’ growth

· Corporate signature backed by 780+ across 49 states

· First opened in 1993, over 30 years of successful operations

LONG TERM ABSOLUTE NNN LEASE

· With over 12 years remaining on the primary lease term, plus options, this provides any investor with passive long-term income

· Completely passive NNN investment – ZERO landlord responsibilities

· Attractive 10% increases every 5 years in the Primary and Option Terms

STRONG PUBLICLY TRADED TENANT – TEXAS ROADHOUSE INC (NASDAQ: TXRH)

· Revenue: $5.09 billion (2025)

· Net Income: $390 million (2025)

· Assets: $2.91 billion

· Employees: 91,000

ATTRACTIVE GROUND LEASE STRUCTURE

· Attractive ground lease structure providing incredible security to any investor with tenant’s significant investment into the building and improvements

· Upside upon building and improvements reverting to Landlord upon expiration of the Lease – ability to convert ground rent to land and building rent

IDEALLY LOCATED NEAR BROOKS CORNER SHOPPING CENTER

· Subject property is located adjacent to a major regional shopping center co-anchored by Target, Home Depot, and HEB. Jr anchors include Ross, Petco, Burlington and Boot Barn.

STRONG TRAFFIC ALONG MAJOR RETAIL THOROUGHFARE

· Ideally located along SE Military Drive, a major retail thoroughfare through San Antonio

· High Traffic:

o SE Military Drive – 24,635 CPD

o Interstate 37 – 76,151 CPD

DENSELY POPULATED TRADE AREA WITH EXCEPTIONAL DEMOGRAPHICS

· 204,728 people in a 5-mile radius

· 74,459 households in a 5-mile radius

· 2025 median age of 36.3, ideal for a Bubbas 33

· Projected 3.84% annual growth rate between 2025 to 2030

MAJOR RETAIL TRADE AREA SURROUNDED BY SEVERAL NATIONAL TENANTS

· Located just one block from a Walmart anchored center including Sam’s Club and Best Buy.

· Several national tenants in the trade area including Chick fil A, Whataburger, Starbucks, IHOP, 7 Brew Coffee , Starbucks and several others.

ACCESS TO MAJOR INTERSTATE 37 AND DOWNTOWN SAN ANTONIO

· Subject property is located just over 1 mile from Interstate 37 providing tremendous access to commuters

· Downtown San Antonio is just 7 miles from the subject property

Investment highlights

  • LONG TERM ABSOLUTE NNN GROUND LEASE

  • STRONG CORPORATE PUBLICLY TRADED GUARANTOR

  • HIGH TRAFFIC COUNTS - 24,635 CPD

  • ADJACENT TO MAJOR RETAIL SHOPPING CENTER

  • PROJECTED 3.84% ANNUAL POPULATION GROWTH

  • SURROUNDED BY SEVERAL NATIONALS

  • DENSELY POPULATED – 200K+ PEOPLE IN 5-MILE RADIUS

Listing Contacts

EC
CA 01382996, TX 635820
InvestCore Commercial, Inc.
Listed by InvestCore Commercial, Inc.

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$160,000.00
$13,333.33/mo

Valuation Metrics

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DSCR
5.15%
Cap Rate
5.15%
ROI

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