SWIG Ground Lease | Very Low Rent Site
New 10-Year Abs NNN Ground Lease | San Antonio MSA Location
Marketing description
Cushman & Wakefield is pleased to present an exceptional investment opportunity: a new 10-year corporate absolute NNN ground lease to Swig, a rapidly expanding drive-thru soda fountain chain with ideal growth projections. The property features a brand-new 2025 construction built to the latest Swig prototype, located at 3639 E Evans Rd in San Antonio, Texas.
The site is strategically positioned across from a Sprouts Farmers Market-anchored development, just off the signalized intersection of Bulverde Road (24,800+ AADT) and Evans Road (20,600+ AADT), ensuring exceptional visibility and consistent consumer traffic. The property is surrounded by several high-enrollment schools, including Johnson High School (3,251 students), Tejeda Middle School (1,055 students), and Bulverde Creek Elementary (1,050 students).
The investment benefits from dense and affluent demographics with 166,980 residents living within five miles—a significant 40% increase since 2010—and a robust average household income of $173,398 within one mile. Proximity to major employers like JP Morgan Chase San Antonio Corporate Center (5,000 employees) further enhances economic resilience. Located in Texas, an income tax-free state, this property offers a fully passive investment with the tenant responsible for all taxes, insurance, maintenance, and repair, including roof, structure, and parking lot.
Investment highlights
- New 10-year corporate absolute NNN ground lease to Swig, a rapidly expanding drive-thru soda fountain chain with ideal growth projections.
- 10% rental increases every five years in initial term and two (2) option periods of five years each, providing a long-term income generator.
- Tenant covers all taxes, insurance, and maintenance, including roof, structure, and parking lot, providing a fully passive investment.
- Swig expanded to 125+ total locations in 2025, reflecting unit growth of roughly 20% year-over-year as it entered several new markets across the southern and western United States.
- Systemwide revenue increased by an estimated 25%+ in 2025, driven by strong same-store sales and continued consumer demand for customizable specialty sodas.
- Swig plans to expand to 200+ total locations by the end of 2026, representing projected unit growth of approximately 60% year-over-year as it accelerates development.
- Strategically located across from a Sprouts Farmers Market-anchored development, driving consistent consumer traffic.
- Positioned just off the signalized intersection of Bulverde Road (24,800+ AADT) and Evans Road (20,600+ AADT), ensuring high visibility.
- Surrounded by several high enrollment schools such as Johnson High School (3,251 students), Tejeda Middle School (1,055 students), and Bulverde Creek Elementary (1,050 students).
- 166,980 residents live within five miles of the property, marking a significant 40% increase since 2010.
- Benefits from affluent demographics with a 2025 average household income of $173,398 within one mile.
- Projected population and income increases within 1-, 3-, and 5-mile radii over the next five years poise this Swig and San Antonio for steady concurrent growth.
- High homeownership (66.2% within one mile) underscores a stable, family-oriented community.
- High-quality 2025 construction built to the latest Swig prototype.
- Site features a drive-thru component for added customer convenience.
- Texas is an income tax-free state, greatly enhancing the appeal of this property.
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