Spec's Wine, Spirits & Finer Foods
Spec's Wine, Spirits & Finer Foods | New 15-year Lease | 2026 Construction | San Antonio, TX
Marketing description
CBRE's Net Lease Property Group, as exclusive advisor to Ownership, is pleased to present the opportunity to acquire a brand new, 100% fee-simple retail building leased to Spec's Wine, Spirits & Finer Foods ("Spec's"), a Texas family-owned liquor store chain with 220 locations and more than $2 billion in annual revenue, according to Market Watch Magazine. Spec's new 15-year lease commenced in May 2026, allowing a new investor to capitalize on nearly the entire lease term, which could potentially extend through 2051.
Recently completed in 2026, the Property is strategically situated in Schertz, TX, a high-growth suburb located about 20 minutes from Downtown San Antonio. The area within a 5-mile radius of Spec's is home to more than 134,000 residents, a 43% increase since 2010 and a 6.3% increase from 2020.
Investment highlights
- Brand new 15-year corporate lease with minimal landlord responsibilities.
- Rent commenced in May 2026, allowing a new investor to capitalize on the entire lease term.
- Lease features contractual rent increases of 10% every five years during initial term and two (2) 5-year renewal options which potentially extend the lease through 2051.
- The Property benefits from scarcity as the nearest Spec's location is approximately 20 minutes away.
- Positioned at the nexus of Interstate 35 and Interstate 10, two major cross-country routes, Schertz has become a prominent hub for industrial development and spurred an influx of families and workers who want proximity to the city without urban prices.
- The area within a 3-mile radius of the Property boasts an average household income exceeding $125,000 annually.
- The Property features cross-access with the neighboring HealthTexas and frontage along FM 3009, which sees approximately 20,000 vehicles per day.
- Between 2020 and 2025, Guadalupe County saw a 15.8% population increase, according to new data released by the U.S. Census Bureau.
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