Price: $2,660,000
Cap Rate: 5.00%
Net Operating Income: $133,000
Square Footage: 3,630
Lot Size: 1.09 AC
Year Built: 2002
The subject offering is a Taco Cabana restaurant in San Antonio, Texas. The tenant shows commitment to this location and a recently extended the lease for 15 years during the global pandemic. This site has a track record of sales performance and has operated at this location for two decades. The property is subject to a NNN lease with 5% increases every 5 years and two, 5 year options to renew. The lease calls for zero landlord obligations. The site is conveniently located on a major commercial thoroughfare. Neighboring retailers include Walgreens, The Home Depot, McDonald’s, H-E-B plus!, Chick-fil-A, and many others.
San Antonio, officially the City of San Antonio, is the seventh-most populous city in the United States, and the second-most populous city in both Texas and the Southern United States, with 1,547,253 residents in 2019. Founded as a Spanish mission and colonial outpost in 1718, the city became the first chartered civil settlement in present-day Texas in 1731. The area was still part of the Spanish Empire, and later of the Mexican Republic. It is the state’s oldest municipality, having celebrated its 300th anniversary on May 1, 2018.
