6380 Rittiman Rd - Restaurant FOR SALE


San Antonio, TX 78218
$1,781,321 USD
502-442-7079
6380 Rittiman Rd, San Antonio, TX for Sale
$1,781,321 USD
Restaurant - FOR SALE
1/6
null | 5.6% Cap Rate

6380 Rittiman Rd
San Antonio, TX 78218


HIGHLIGHTS

  • Brand New 15-Year Lease | Scheduled Rental Increases | Established Brand & Operator
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Located Near Signalized, Hard Corner Intersection | Dense Retail Corridor
  • Strong Demographics in 5-Mile Trade Area | Direct Consumer Base

OVERVIEW

• The tenant, at close of escrow, will sign a brand new 15-year sale leaseback with 4 (5-year) options, demonstrating commitment to the site • The lease features 10% rental increases every 5 years during the initial term and at the beginning of each option period, growing NOI and hedging against inflation • A global leader in the pizza category, Pizza Hut operates more than 19,000 restaurants in more than 100 countries • Tenant, Emerge Pizza of San Antonio LLC, is a subsidiary of Emerge! Restaurant Group, which operates 185 restaurants across their Pizza Hut, KFC, Taco Bell, and Sonic portfolio • The subject property is located near the signalized, hard corner intersection of Rittiman Rd and Farm to Market Rd 78, which combine over 68,000 vehicles passing by daily • The asset is located in dense retail corridor, with numeorus nearby national/credit tenants including Walmart, CVS, Ollie’s Bargain Market, Autozone, and many more

FOR SALE DETAILS

PRICE

$1,781,321 USD

PRICE/SF

$574 USD /SF

CAP RATE

5.6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pizza Hut | New 15-Yr Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

29

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,166 SF

ZONING

C-3

APN/PARCEL ID

17628-002-0022

ASK ABOUT THIS PROPERTY

Sarah ShanksSRS National Net LeaseMore Info
502-442-7079

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Sarah ShanksSRS National Net LeaseMore Info
502-442-7079

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.