2301 Pat Booker Road, Universal City, TX 78148

Marcus & Millichap is pleased to present the opportunity to acquire a brand-new 20-year sale-leaseback with Golden Corral, located along Pat Booker Road in Universal City, Texas—part of the rapidly growing San Antonio MSA. This offering features an absolute NNN lease with zero landlord responsibilities, backed by a long-tenured operator with 35+ years of experience with the Golden Corral brand. The asset provides investors with fully passive, long-term income in a high-visibility corridor surrounded by major national retailers, strong residential density, and significant regional employment drivers.

Strategically positioned along Pat Booker Road—a heavily traveled commercial artery with ±25,165 VPD—the property benefits from excellent visibility, strong ingress/egress, and immediate proximity to Interstate 35 and Loop 1604. The site sits just minutes from Randolph Air Force Base, one of the region’s largest employers, generating consistent daytime population and year-round consumer traffic. The surrounding trade area includes Walmart Supercenter, Costco, H-E-B, Chick-fil-A, Whataburger, Starbucks, Planet Fitness, and numerous national QSR and service retailers, reinforcing the corridor’s role as a dominant retail destination.

The tenant has operated at this location for over 20 years and maintains a healthy 7% rent-to-sales ratio, demonstrating strong unit-level performance and long-term viability. As part of the sale-leaseback, the tenant is begin a full $500,000 remodel, further enhancing the site’s longevity and operational strength. The new 20-year absolute NNN lease includes 10% rent increases every five years and three five-year renewal options, providing built-in income growth and extended occupancy potential.

This Golden Corral represents a compelling opportunity to acquire a high-performing, long-established restaurant asset in a dense, high-income San Antonio submarket with exceptional demographic support and durable economic fundamentals.