16101 San Pedro Ave - Fast Food FOR SALE


San Antonio, TX 78232- Canyon Creek
$2,480,762 USD
818-907-4696
16101 San Pedro Ave, San Antonio, TX for Sale
$2,480,762 USD
Fast Food - FOR SALE
1/7
null | 5.25% Cap Rate

16101 San Pedro Ave
San Antonio, TX 78232
Canyon Creek


HIGHLIGHTS

  • Corporate Guarantee | Credit Tenant (NYSE: “SBUX”)
  • Proximate to Major Freeway | Freeway visibility and 138,000+ VPD on Hwy 281
  • Ease of Circulation | Starbucks equipped with drive-thru and accessibility off Hwy 281 off-ramp (San Pedro Ave.), Chula Vista Dr. and Navato Blvd.
  • Fee Simple Ownership (Land and Building) | Depreciable Asset
  • Ideal Retail Demographics | 80,000+ Population and $80,000 Household Income in 3-Mile Radius
  • Nearby Retailers include Costco, Walmart Supercenter, Best Buy, McDonald’s, Chick-fil A, HEB Saltgrass Steakhouse and many more

OVERVIEW

CBRE is pleased to offer for sale a trophy located Starbucks in San Antonio, TX. Situated in the inviting neighborhood of Hollywood Park, an affluent community located in San Antonio, the property includes a 2,000 sf single-tenant drive-thru building on a .65-acre HWY frontage parcel. The property benefits from being strategically located on the commuter side of HWY 281 which sees over 138,000 VPD. The tenant’s large pylon sign is visible from HWY 281 and the property has its own designated off-ramp, and combined with its drive-thru, creates ease of accessibility and user friendly traffic flow. Starbucks signed a brand new 10 year lease in 2017 and has been operating successfully at this location for the last 7 years. There are four 5-year options with 10% rental increases, offering a strong hedge against inflation. The asset offers ideal retail demographics with a population over 80,000, households over 34,000, and household income over $80,000 in a 3-mile radius. This property is surrounded by major retailers, including Costco, Walmart Supercenter, Best Buy, McDonald’s, Chick-fil-A, H-E-B, Saltgrass Steak House and many more.

FOR SALE DETAILS

PRICE

$2,480,762 USD

PRICE/SF

$1,240 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

CROSS STREETS

Chula Vista

LAND ACRES

0.65 AC

LAND SF

28,314 SF

ZONING

District B - General Bus

APN/PARCEL ID

04991-213-0310

ASK ABOUT THIS PROPERTY

818-907-4696

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818-907-4696

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