$2,479,000 USD
713-408-8555
11803 SE Loop 410
San Antonio, TX 78221
Kingsborough Ridge
HIGHLIGHTS
- Approximate 20-year Absolute NNN lease will commence upon closing and feature 10% rent increases every 5 years as well as in (4) 5-yr renewal options.
- Delrio Venture LP, will be operating 21 Burger King restaurants by early 2025 and is in negotiations to acquire 13 additional locations.
- Shadow-anchored by a future planned HEB and located at the entrance of Roosevelt Heights, which is expected to have 500 homes at completion.
- There are 171K residents within a 5-mile radius of the Property, a 7.3% increase since 2010 and a number that is projected to increase 6.4% by 2029.
- The Property benefits from scarcity as the only Burger King location within a 5-mile radius.
- BK is s about 10 minutes from Brooks, a 1,308-acre former Air Force Base turned premier mixed-use development with more than $1.34 billion invested.
FOR SALE DETAILS
PRICE
$2,479,000 USD
PRICE/SF
$1,996 USD /SF
CAP RATE
5.85%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Burger King Sale-leaseback
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2024
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.76 AC
LAND SF
33,106 SF
ZONING
-
APN/PARCEL ID
11156-000-0353
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713-408-8555
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713-408-8555
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