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Whataburger 1110 Roosevelt Ave 2,522 SF Retail Building San Antonio, TX 78210 $2,700,000 ($1,070.58/SF) 4.67% Cap Rate
INVESTMENT HIGHLIGHTS
- Over 9 Years Remaining | Options To Extend | Scheduled Rental Increases
- Proximity To Major Thoroughfares (274,000 VPD) | Downtown San Antonio | Large Student Population
- Absolute NNN | Fee Simple Ownership
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
• The tenant has over 9 years remaining on its lease with 3 (5-year) options to extend
• Corporate signed lease by Whataburger Restaurants, LLC
• Features 10% rental increases every 5 years throughout the initial lease term and at the beginning of each option period, growing NOI and hedging against inflation
• Corporate signed lease by Whataburger Restaurants, LLC
• Features 10% rental increases every 5 years throughout the initial lease term and at the beginning of each option period, growing NOI and hedging against inflation
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,522 SF
Building Class
B
Year Built/Renovated
1985/2000
Price
$2,700,000
Price Per SF
$1,070.58
Cap Rate
4.67%
NOI
$126,004
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.67 AC
Zoning
C-2 - Commercial District
Parking
40 Spaces (15.86 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Corner Lot
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Walk Score®
Very Walkable (71)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 02977-002-1290 | Improvements Assessment | $540,446 |
| Land Assessment | $650,240 | Total Assessment | $1,190,686 |
PROPERTY TAXES
Parcel Number
02977-002-1290
Land Assessment
$650,240
Improvements Assessment
$540,446
Total Assessment
$1,190,686
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Whataburger | 1110 Roosevelt Ave
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