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Marketing Description
REOC San Antonio is pleased to exclusively offer the opportunity to acquire an income-producing lease to Brinker Texas, Inc. (dba Chili’s) (the “Tenant”) in Bulverde, Texas – a growing bedroom community just north of San Antonio situated at the business crossroads of US 281 & Hwy 46. The Tenant has executed a 10-year lease agreement that provides for a five percent (5%) increase after year 5 and offers four 5-year renewal options, each with a ten percent (10%) rent increase over the previous term.
We are accepting offers prior to completion of construction, which is scheduled for 1/31/22.
Investment Highlights
- Situated within the 250-acre master planned community of Singing Hills in Comal County:
- Project anchored by Walmart Supercenter and other businesses to include, Hampton Inn, Texas MedClinic, The Heights of Bulverde Skilled Nursing Center, The Pillars Christian Learning Center, Taco Bell, Panda Express, Discount Tire, Whataburger and 20 other retailers.
- Residential components include the Vantage at Bulverde apartments (288 units) and The Preserve at Singing Hills which will feature 330 homes upon full build-out.
- Situated at the crossroads of commerce - US 281 a major north-south highway between San Antonio & Austin and beyond (approx. 30,000 VPD); and Highway 46 the major east-west corridor connecting Bulverde to Boerne, New Braunfels and Seguin which is quickly becoming San Antonio’s newest outer loop (approx.. 27,000 VDP).
- Comal County ranks as the second-fastest percentage growth in the nation
- Strong residential growth in surrounding area including communities such as Johnson Ranch, Ventana, The Preserve at Singing Hills, Hidden Trails, Edgebrook and Copper Canyon.
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