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33435769
33435768

100 Interstate 35 North Frontage Road, San Marcos, TX 78666

JB
TX 688810
Matthews
DF
TX 826741
Matthews
BB
TX 701324
Matthews
Listed by Matthews
$5,140,800
0 days on market
Updated 0 days ago

Red Lobster | San Marcos, TX | 22+ Years Remaining

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant (+1)
Square Footage 5,719
Cap Rate 6.25%
NOI $321,300
Occupancy 100%
Tenancy Single
Brand/Tenant Red Lobster
Lease Type Absolute NNN
Lease Term 23
Lease Expiration 01/31/2049
Remaining Term 22.5
Rent Bumps Yes
Lease Options Four, 5-Year
Broker Co-Op True
Year Built 1995
Acreage 1.440
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 12/17/2015
Ground Lease No
Ownership Fee Simple

ABS NNN | Nearby Texas State University | High Growth Market

Investment highlights

Passive Investment Opportunity – ±22.5 years remaining on an ABS NNN lease with Red Lobster

Attractive Annual Rental Increases – 2.00% rental increases annually.

Densely Populated Area – ±57,000 in a 3-mile radius, ±76,000 in a 5-mile radius.

Location and Accessibility – Excellent visibility with traffic counts on S Guadalupe St exceeding ±27,000 vehicles per day (VPD) and close proximity to I-35, which sees ±120,000 VPD. This major highway is a critical artery connecting San Antonio, Austin, Dallas, and spans from the US-Mexico border in Laredo, TX to Duluth, Minnesota near the Canadian border, ensuring high accessibility and customer flow.

Booming Developmental Growth – Master-planned neighborhoods such as La Cima and TRACE are adding thousands of new homes, parks, and trails to support the influx of residents. The McLain is an $88.5 million private development near Texas State University and is breaking ground, adding hundreds of new residential and commercial units.

Texas State University – Located near Texas State University, who enrolls over 44,500 students and is one of the largest universities in the state of Texas.

Incredible Retail Synergy – The location benefits from proximity to Texas State University, and other major national credit tenants such as Chili’s, McDonald’s, Whataburger, Olive Garden, Texas Roadhouse, Chick-fil-A, H-E-B, Walmart.

San Marcos Thriving Economy – San Marcos is positioned in one of the fastest-growing regions in the US, with an $8.9 billion local economy driven by the continued growth of the I-35 corridor between Austin and San Antonio, further enhancing the investment’s long-term potential.

Income Tax-Free State – Texas is an income tax-free state, offering advantageous conditions for investors seeking tax-efficient opportunities.

Listing Contacts

JB
TX 688810
Matthews
DF
TX 826741
Matthews
BB
TX 701324
Matthews
Listed by Matthews

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$321,300.00
$26,775.00/mo

Valuation Metrics

0
DSCR
6.25%
Cap Rate
6.25%
ROI

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Additional Information

Name
Josh Bishop
License
688810
Name
Dylan Freeney
License
826741
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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